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248.654 Tobacco settlement agreement fund -- Source of moneys -- Distribution of
funds.
There is established in the State Treasury a permanent and perpetual fund to be known as
the "Tobacco Settlement Agreement Fund" to which shall be credited any funds
designated to the Commonwealth from the master settlement agreement signed on
November 22, 1998, between the participating tobacco manufacturers and the forty (40)
settling states or related federal legislation. All investment income earned from moneys
deposited in the fund prior to and after April 26, 2000, shall accrue to the fund. Any funds
designated to the Commonwealth from the settlement agreement or related federal
legislation and all investment income accruing to the fund shall not be expended until
appropriated by the General Assembly. The General Assembly's highest priority for
distributing any funds from this account shall be for tobacco farmers and tobaccoimpacted communities and health-related areas. Moneys in the fund, including all
investment income accruing to the fund, shall be distributed within twenty (20) days of
April 26, 2000, and within twenty (20) days of receipt of any moneys deposited to the
fund after April 26, 2000 as follows:
(1) Fifty percent (50%) to the rural development fund created in KRS 248.655;
(2) Twenty-five percent (25%) to the early childhood development fund created in KRS
200.151; and
(3) Twenty-five percent (25%) to the Kentucky health care improvement fund created
in KRS 194A.055.
Effective: April 26, 2000
History: Amended 2000 Ky. Acts ch. 546, sec. 1, effective April 26, 2000. -- Created
1998 Ky. Acts ch. 586, sec. 3, effective July 15, 1998.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (6), d., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (6), f., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (6), g., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), a., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), b., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), c., at 649.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), d., at 650.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), e., at 650.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, (7), g., at 650.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, A, at 651.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, B, at 651.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, C, at 651.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, D, at 652.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2015 Ky. Acts ch.
127, Pt. X, E, at 652.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2014 Ky. Acts ch.
117, Pt. X, (9), at 752.
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