HB 1506 Establishes the Missouri Tobacco Settlement Trust Fund
Current Bill Summary
- Prepared by Senate Research -

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

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