PARKER-CRONIN. New Act 30 ILCS 105/5.490 new 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 medical schools in this State and used by those medical schools for programs relating to tobacco-related illness research. Effective immediately. 99-02-25 S FIRST READING 99-02-25 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-03 S ASSIGNED TO COMMITTEE EXECUTIVE 99-03-11 S TO SUBCOMMITTEE 99-03-11 S COMMITTEE EXECUTIVE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-05-26 S RULED EXEMPT UNDER SENATE RULE 3-9(B) SRUL 99-05-26 S ASSIGNED TO COMMITTEE EXECUTIVE 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary