HB 1506 | Establishes the Missouri Tobacco Settlement Trust Fund |
HB 1506 - This act creates the Missouri Tobacco Settlement
Trust Fund. All moneys received by the State as a result of the
Master Settlement Agreement entered into by the state and leading
tobacco manufacturers on November 23, 1998, shall be deposited in
the Fund. The Treasurer shall invest moneys in the Fund in the
same manner as surplus state funds. Moneys in the Fund shall not
revert to the credit of general revenue at the end of the
biennium. The General Assembly shall not appropriate money from
the Fund until procedures for disbursement are approved by voters
and further provided by law.
JOAN GUMMELS