House Sponsors: SCHOENBERG. Short description: INVSTMNT-TOBACCO SETTLE ACT Synopsis of Bill as introduced: Amends the State Finance Act. Creates the Tobacco Settlement Biomedical Research Fund. Creates the Investment of Tobacco Settlement Proceeds Act. Provides that a portion of the proceeds received by the State from a tobacco settlement shall be deposited into the Tobacco Settlement Biomedical Research Fund. Provides that moneys in the fund shall be distributed to universities with medical schools in this State and used by those universities for programs relating to tobacco-related illness research. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status