SB 0362 Creates Missouri Tobacco Settlement Fund and allocates a portion to education
LR Number:1442S.01I Fiscal Note:1442-01
Committee:Pensions and General Laws
Last Action:02/14/01 - Hearing Conducted S Pensions & General Laws Committee Journal page:
Effective Date:August 28, 2001
Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2001 Senate Bills
Current Bill Summary

SB 362 - This act establishes the Missouri Tobacco Settlement Trust Fund for deposit of the tobacco case settlement proceeds. At least 25% of the moneys shall be appropriated annually to the public schools of this state, to be used in the discretion of the school districts and distributed to each district on a per eligible pupil basis. The moneys shall accrue to the operating funds of the school district, provided that up to 15% of the proceeds received by a district may be placed in its capital projects fund.