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Public Act 91-0646
HB1628 Enrolled LRB9103175SMdv
AN ACT to provide for the deposit of funds received from
settlement of litigation against tobacco companies.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Finance Act is amended by adding
Sections 5.540 and 6z-43 as follows:
(30 ILCS 105/5.540 new)
Sec. 5.540. The Tobacco Settlement Recovery Fund.
(30 ILCS 105/6z-43 new)
Sec. 6z-43. Tobacco Settlement Recovery Fund. There is
created in the State Treasury a special fund to be known as
the Tobacco Settlement Recovery Fund into which shall be
deposited all monies paid to the State pursuant to (1) the
Master Settlement Agreement entered in the case of People of
the State of Illinois v. Philip Morris, et al. (Circuit Court
of Cook County, No. 96-L13146) and (2) any settlement with or
judgment against any tobacco product manufacturer other than
one participating in the Master Settlement Agreement in
satisfaction of any released claim as defined in the Master
Settlement Agreement, as well as any other monies as provided
by law. All earnings on Fund investments shall be deposited
into the Fund. Upon the creation of the Fund, the State
Comptroller shall order the State Treasurer to transfer into
the Fund any monies paid to the State as described in item
(1) or (2) of this Section before the creation of the Fund
plus any interest earned on the investment of those monies.
Section 99. Effective date. This Act takes effect upon
becoming law.
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