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| [ Engrossed ] | [ Senate Amendment 001 ] |
91_HB3621
LRB9112490DJtm
1 AN ACT in relation to tobacco settlement proceeds.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The State Finance Act is amended by changing
5 Section 6z-43 as follows:
6 (30 ILCS 105/6z-43)
7 Sec. 6z-43. Tobacco Settlement Recovery Fund. There is
8 created in the State Treasury a special fund to be known as
9 the Tobacco Settlement Recovery Fund into which shall be
10 deposited all moneys monies paid to the State pursuant to (1)
11 the Master Settlement Agreement entered in the case of People
12 of the State of Illinois v. Philip Morris, et al. (Circuit
13 Court of Cook County, No. 96-L13146) and (2) any settlement
14 with or judgment against any tobacco product manufacturer
15 other than one participating in the Master Settlement
16 Agreement in satisfaction of any released claim as defined in
17 the Master Settlement Agreement, as well as any other moneys
18 monies as provided by law. All earnings on Fund investments
19 shall be deposited into the Fund. Upon the creation of the
20 Fund, the State Comptroller shall order the State Treasurer
21 to transfer into the Fund any moneys monies paid to the State
22 as described in item (1) or (2) of this Section before the
23 creation of the Fund plus any interest earned on the
24 investment of those moneys monies.
25 (Source: P.A. 91-646, eff. 11-19-99.)