FIRST REGULAR SESSION
HOUSE JOINT
RESOLUTION NO. 17
91ST GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES SCHEVE AND VAN ZANDT (Co-sponsors).
Read 1st time February 27, 2001, and 1000 copies ordered printed.
TED WEDEL, Chief Clerk
JOINT RESOLUTION
Submitting to the qualified voters of Missouri, an amendment to article X of the Constitution of Missouri, relating to taxation, by adding thereto one new section relating to the tobacco settlement trust fund.
That at the next general election to be held in the state of Missouri, on Tuesday next following the first Monday in November, 2002, or at a special election to be called by the governor for that purpose, there is hereby submitted to the qualified voters of this state, for adoption or rejection, the following amendment to article X of the Constitution of the state of Missouri:
Section A. Article X, Constitution of Missouri, is amended by adding thereto one new section, to be known as section 25, to read as follows:
Section 25. 1. Any funds received by the state of Missouri as a result of any legal settlement or award relating to tobacco-related products and any proceeds resulting from the investment of such funds shall not be classified as "total state revenues" as defined in sections 17 and 18 of this article and the expenditure of such funds shall not be an "expense of state government" under section 20 of this article and shall be deposited in a special trust fund to be known as the "Tobacco Settlement Trust Fund", which is hereby created.
2. When the corpus of the tobacco settlement trust fund reaches one hundred seventy-five million dollars, such amount shall be transferred to the "Tobacco Settlement Endowment", which is hereby created. All moneys in the endowment and any interest accruing thereto shall remain in the endowment until the corpus of the endowment reaches one billion dollars. All moneys in excess of one billion dollars in the endowment shall be transferred to the tobacco settlement trust fund.
3. When the corpus of the tobacco settlement trust fund again reaches one hundred seventy-five million dollars after the initial transfer as provided in subsection 2 of this section, such additional amount shall be transferred to the "Pharmacy or Health Care Relief Fund for the Elderly", which is hereby created. All moneys in the fund shall be subject to appropriation by the general assembly and any interest in the fund shall accrue thereto.
4. All moneys deposited in the tobacco settlement trust fund and any interest accruing thereto after the initial transfers provided for in subsections 2 and 3 of this section shall be subject to appropriations as provided by law to be used and expended for the following purposes:
(1) Fifty percent for health care access and treatment;
(2) Twenty percent for health sciences research;
(3) Fifteen percent for comprehensive tobacco cessation, education and prevention; and
(4) Fifteen percent for early intervention and prevention programs for children.
5. The percentages in subsection 4 of this section shall not apply after June 30, 2012. After June 30, 2012, moneys in the trust fund shall be used, subject to appropriation, for the purposes provided for in subsection 4 of this section without the percentage restriction.
6. Moneys in the tobacco settlement endowment shall not be subject to state law regarding the investment
of surplus state funds, and may be transferred, subject to appropriations by the general assembly, to the
Missouri investment trust as now or hereafter provided by law.
Return to the Missouri House of
Representatives