Bill Text | History of Actions | Background | Title |
Description: Amend Constitution; create trust fund for tobacco settlement money.
Bill Text: [Introduced]
| 1 | 01/17 (H) Referred To Constitution;Appropriations | |
| 2 | 02/01 (H) Died In Committee |
| Effective date | No Effective Date | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Two/Thirds |
House Committees:
Principal Author: Brown
Title: A CONCURRENT RESOLUTION PROPOSING TO AMEND THE MISSISSIPPI CONSTITUTION OF 1890 BY ADDING A NEW SECTION TO CREATE A SPECIAL TRUST FUND IN THE STATE TREASURY INTO WHICH SHALL BE DEPOSITED, BEGINNING JULY 1, 2010, ALL MONIES, THE USE OR PURPOSE FOR EXPENDITURE OF WHICH IS NOT RESTRICTED, THAT THE STATE HAS RECEIVED AND HAS ON DEPOSIT AND THAT THE STATE SUBSEQUENTLY RECEIVES FROM ANY SETTLEMENT OR JUDGMENT IN LITIGATION AGAINST TOBACCO COMPANIES OR FROM ANY NATIONAL TOBACCO SETTLEMENT OR FROM LEGISLATION ENACTED BY CONGRESS REQUIRING TOBACCO COMPANIES TO PAY MONEY TO STATES; TO PROVIDE THAT INTEREST AND INCOME EARNED ON THE PRINCIPAL OF THE TRUST FUND MAY BE EXPENDED FOR SUCH PURPOSES AND IN SUCH AMOUNT AS PRESCRIBED BY GENERAL LAW; TO PROVIDE THAT THE PRINCIPAL OF THE TRUST FUND MAY NOT BE EXPENDED; TO PROVIDE THAT THE LEGISLATURE SHALL PRESCRIBE THE MANNER IN WHICH MONIES IN THE TRUST FUND ARE TO BE INVESTED AND MAY PLACE RESTRICTIONS, CONDITIONS AND LIMITATIONS ON THE EXPENDITURE OF INTEREST AND INCOME EARNED ON THE PRINCIPAL IN THE TRUST FUND; AND FOR RELATED PURPOSES.
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2005/html/History/HC/HC0050.htm