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S.B. 140

             1     

TOBACCO PREVENTION AND TREATMENT

             2     
ENDOWMENT

             3     
2000 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Sponsor: D. Edgar Allen

             6      AN ACT RELATING TO THE TOBACCO SETTLEMENT ACCOUNT; AMENDING THE
             7      NAME OF THE TOBACCO SETTLEMENT ACCOUNT; CREATING A SECOND
             8      RESTRICTED ACCOUNT KNOWN AS THE TOBACCO PREVENTION AND TREATMENT
             9      ENDOWMENT; REQUIRING THAT 25% OF ALL TOBACCO SETTLEMENT FUNDS BE
             10      DEPOSITED INTO THE ENDOWMENT; PERMITTING ONLY THE INTEREST EARNED
             11      ON THE ENDOWMENT TO BE APPROPRIATED; ESTABLISHING THE PURPOSES FOR
             12      WHICH INTEREST MAY BE APPROPRIATED; APPROPRIATING INTO THE
             13      ENDOWMENT 25% OF ANY TOBACCO SETTLEMENT FUNDS RECEIVED BY THE
             14      STATE BEFORE THE EFFECTIVE DATE OF THIS ACT; AND ESTABLISHING AN
             15      EFFECTIVE DATE.
             16      This act affects sections of Utah Code Annotated 1953 as follows:
             17      AMENDS:
             18          63-97-101, as enacted by Chapter 78, Laws of Utah 1999
             19      ENACTS:
             20          63-97-301, Utah Code Annotated 1953
             21      RENUMBERS AND AMENDS:
             22          63-97-201, (Renumbered from 63-97-102, as enacted by Chapter 78, Laws of Utah 1999)
             23      Be it enacted by the Legislature of the state of Utah:
             24          Section 1. Section 63-97-101 is amended to read:
             25     
CHAPTER 97. TOBACCO SETTLEMENT ACCOUNTS

             26     
Part 1. General Provision

             27           63-97-101. Title.


             28          This chapter is known as [the] "Tobacco Settlement [Account] Accounts."
             29          Section 2. Section 63-97-201 , which is renumbered from Section 63-97-102 is renumbered
             30      and amended to read:
             31     
Part 2. Tobacco Settlement Restricted Account

             32           [63-97-102].     63-97-201. Creation of Tobacco Settlement Restricted Account.
             33          (1) There is created within the General Fund a restricted account known as the Tobacco
             34      Settlement Restricted Account.
             35          (2) The account shall earn interest.
             36          [(2)] (3) The account shall consist of:
             37          (a) 75% of all funds of every kind received by the state that are related to the settlement
             38      agreement that the state entered into with leading tobacco manufacturers on November 23, 1998;
             39      and
             40          (b) interest earned on the account.
             41          [(3)] (4) Funds in the account may only be used as directed by the Legislature through
             42      appropriation.
             43          Section 3. Section 63-97-301 is enacted to read:
             44     
Part 3. Tobacco Prevention and Treatment Endowment.

             45          63-97-301. Tobacco Prevention and Treatment Endowment.
             46          (1) There is created within the General Fund a restricted account known as the Tobacco
             47      Prevention and Treatment Endowment.
             48          (2) The account shall earn interest.
             49          (3) The account shall consist of:
             50          (a) 25% of all funds of every kind that are received by the state that are related to the
             51      settlement agreement that the state entered into with leading tobacco manufacturers on November
             52      23, 1998; and
             53          (b) interest earned on the account.
             54          (4) Tobacco settlement funds deposited into the account pursuant to Subsection (3)(a) may
             55      not be appropriated for any purpose, but shall remain in the account for the purpose of earning
             56      interest to be appropriated in accordance with Subsection (5).
             57          (5) The Legislature S [ shall ] MAY s annually appropriate all interest earned on the account
             57a      for the
             58      following purposes:


             59          (a) to discourage the use of tobacco products;
             60          (b) to reduce the use of tobacco products; and
             61          (c) to help pay for the ongoing costs of treating tobacco-related illnesses and diseases.
             62          Section 4. Appropriation.
             63          There is appropriated 25% of any funds that are deposited into the Tobacco Settlement
             64      Account within the General Fund before July 1, 2000, to the Tobacco Prevention and Treatment
             65      Endowment within the General Fund to ensure that the starting fund balance in each account is
             66      consistent with the provisions of this act.
             67          Section 5. Effective date.
             68          This act takes effect on July 1, 2000.




Legislative Review Note
    as of 1-21-00 1:42 PM


A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel


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