USE OF TOBACCO SETTLEMENT REVENUES
Senate Floor Amendments
Amendment 7 February 25, 2000 3:17 PM
Senator D. Edgar Allen proposes the following amendments:
1. Page 6, Line 151: Delete 151 and insert:
"(5)(a) Fifty percent of the interest earned annually on the account shall remain in the account and be invested and treated as principal.
(b) Between 25% and 50% of the interest earned annually on the account shall be appropriated by the Legislature:
(i) to fund tobacco prevention, reduction, cessation, and control programs; and
(ii) to help pay for the ongoing cost of treating tobacco and substance abuse-related illnesses and diseases, especially for the elderly and which may include home and community-based services.
(c) Any annual interest earned on the account that remains after Subsections (5)(a) and (b) may be appropriated by the Legislature for any purpose."