HJR 14 -- Children's Investment Fund

Sponsor:  Kelly (27), Troupe, Smith, Coleman, Monaco, Campbell,
Gambaro, Curls

This proposed constitutional amendment requires the State of
Missouri to deposit any funds received as a result of any legal
settlement or award relating to tobacco related products into
the Children's Investment Fund.

Subject to appropriations, all moneys in the fund, including
accrued interest, will be used as follows:

(1)  40% for programs supporting the healthy development of
children and youth;

(2)  10% for deposit into the Healthy Children and Youth
Endowment, which is created.  The use of funds in excess of $250
million is stated.  Moneys in the endowment are not subject to
state law regarding the investment of surplus state funds and
can be transferred, subject to appropriation, by the General
Assembly to the Children's Investment Fund; and

(3)  50% for programs designed to promote a healthy quality of
life for the citizens of Missouri.

In the fiscal year in which the bill becomes effective, moneys
in the fund are prohibited from replacing or supplanting
appropriations or federal funds for the purposes stated in the
bill.

Missouri House of Representatives
Last Updated September 13, 2001 at 2:05 pm