Summary of the Introduced Bill

HB 532 -- Tobacco Settlement

Sponsor:  Bartle

This bill establishes the Missouri Tobacco Settlement Trust Fund
in the state treasury.  All moneys received from any award or
settlement between the state and tobacco product manufacturers
will be deposited in the fund.

The bill also requires that at least 25% of moneys deposited
into the trust fund and any interest earned on those moneys be
appropriated for elementary and secondary education.

The bill also requires the Commissioner of Administration to
maintain data on receipts to and expenditures from the trust
fund in electronic format and post the data on the Internet.

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Missouri House of Representatives
Last Updated September 13, 2001 at 2:02 pm