HJR63 Proposes a constitutional amendment to create the Tobacco Settlement Trust Fund.
Sponsor: Burton, Gary L. (128) Effective Date:00/00/0000
CoSponsor: LR Number: 4062L.01I
Last Action: 02/10/2000 - Referred: Missouri Tobacco Settlement (H)
HJR63
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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* Introduced

Available Bill Text for HJR63
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BILL SUMMARIES

INTRODUCED

HJR 63 -- Tobacco Settlement Moneys

Sponsor:  Burton

This proposed amendment to the constitution requires all moneys
received as the result of a tobacco settlement agreement to be
deposited in the Tobacco Settlement Trust Fund and to be
appropriated as follows:

(1)  No more than 10% for anti-smoking programs; and

(2)  The remainder for retirement of state debt incurred prior
to the effective date of the amendment.

Upon complete retirement of the debt, moneys in the fund must be
appropriated as follows:

(1)  60% refunded to income taxpayers as if the moneys were
excess total state revenue for purposes of Article X refunds;

(2)  No more than 10% for anti-smoking programs; and

(3)  The remainder to the General Revenue Fund.


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