SB 0299 Establishes the Missouri Tobacco Settlement Trust Fund
LR Number:0901S.01I Fiscal Note:0901-01
Committee:Pensions and General Laws
Last Action:02/07/01 - Hearing Cancelled S Pensions & General Laws Journal page:
Effective Date:Emergency Clause
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Current Bill Summary

SB 299 - This act creates the Missouri Tobacco Settlement Trust Fund. All moneys received by the state as a result of any dispute between the state and tobacco companies shall be deposited in the Fund. 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 a constitutional amendment is adopted by vote of the people, or January 3, 2001, which occurs sooner.

The Commissioner of Administration shall maintain data on electronic format regarding deposits to and expenditures from the Fund, which shall be available to the public on the Internet.

The act has an emergency clause.

The act is identical to the perfected SS/SB 549 (2000).