Bill Text | History of Actions | Amendments | Background | Title |
Description: Health Care Trust Fund; authorize securitization of a portion of annual tobacco settlement payments.
Bill Text: [Introduced] [Passed Senate]
| 1 | 03/12 (S) Referred To Appropriations | |
| 2 | 03/12 (S) Title Suff Do Pass | |
| 3 | 03/12 (S) Amended | |
| 4 | 03/12 (S) Passed As Amended | |
| 5 | 03/12 (S) Motion to Reconsider Entered | |
| 6 | 03/13 (S) Motion to Reconsider Tabled | |
| 7 | 03/13 (S) Transmitted To House | |
| 8 | 03/13 (H) Referred To Appropriations | |
| 9 | 03/13 (H) Died In Committee |
| Adopted | [S] | Amendment No 1 |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
House Committee:
Principal Author: Gordon
Additional Authors: Brown, Browning, Burton, Carmichael, Clarke, Davis, Dearing, Doxey, Flowers, Harvey, Hyde-Smith, Jackson (15th), King, Lee (35th), Mettetal, Moffatt, Morgan, Nunnelee, Posey, Robertson, Thames, White, Little
Code Section: A 043-0013-0407
Title: AN ACT TO AMEND SECTION 43-13-407, MISSISSIPPI CODE OF 1972, TO REQUIRE A PORTION OF TOBACCO SETTLEMENT INSTALLMENT PAYMENTS DEPOSITED INTO THE HEALTH CARE TRUST FUND DURING FISCAL YEARS 2006 THROUGH 2025 TO BE DISTRIBUTED TO THE TOBACCO SETTLEMENT REVENUE MANAGEMENT AUTHORITY; TO CREATE A TOBACCO SETTLEMENT REVENUE MANAGEMENT AUTHORITY, WHICH SHALL BE A PUBLIC CORPORATION TO RECEIVE A PORTION OF THE STATE'S FUTURE TOBACCO SETTLEMENT PAYMENTS AND ISSUE BONDS OF THE AUTHORITY PAYABLE FROM AND SECURED SOLELY BY THE SUCH PORTION OF THE STATE'S TOBACCO RECEIPTS; TO PROVIDE FOR THE TRANSFER OF THE PROCEEDS OF THE BONDS TO THE HEALTH CARE EXPENDABLE FUND; TO PROVIDE FOR A BOARD OF DIRECTORS FOR THE AUTHORITY, WHICH SHALL BE THE MEMBERSHIP OF THE BOARD OF DIRECTORS OF THE HEALTH CARE TRUST FUND AND THE HEALTH CARE EXPENDABLE FUND; TO PROVIDE FOR THE ASSIGNMENT OF A PORTION OF FUTURE TOBACCO SETTLEMENT PAYMENTS TO THE AUTHORITY; TO PRESCRIBE THE POWERS AND RESPONSIBILITIES OF THE AUTHORITY AND THE BOARD; TO PROVIDE FOR THE ISSUANCE OF THE BONDS; TO PROVIDE FOR THE MAINTENANCE OF ACCOUNTS AND THE ISSUANCE OF AN ANNUAL REPORT; TO PROVIDE FOR THE TAX EXEMPT STATUS OF INTEREST FROM THE BONDS; AND FOR RELATED PURPOSES.
End Of Document
20051E/pdf/History/SB/SB2002.htm