| SJR 049 | Tobacco proceeds deposited into permanent trust or refunded to people |
| Sponsor: | Jacob | |||
| LR Number: | 3709L.01I | Fiscal Note: | 3709-01 | |
| Committee: | Pensions and General Laws | |||
| Last Action: | 01/27/00 - Referred S Pensions & General Laws Committee | Journal page: | S152 | |
| Title: | ||||
| Effective Date: | Upon Voter Approval | |||
SJR 49 - This proposed constitutional amendment submits two
proposals to voters relating to moneys received as a result of a
tobacco settlement agreement. One proposal requires the proceeds
to be set at current valuation and deposited in a permanent trust
fund. The fund would be used for health and education purposes,
as provided by law. The other proposal requires the proceeds to
be refunded annually as if the proceeds constituted excess total
state revenues.
JOAN GUMMELS