Okla. Stat. tit. 62 § 50

Current through Laws 2024, c. 453.

Section 50 - Tobacco Settlement Fund - Monies

A. There is hereby created in the State Treasury a revolving fund to be known and designated as the Tobacco Settlement Fund, into which fund shall be deposited:

1. All monies received by the state or any official, agency or department of the state in settlement of claims by the state against tobacco manufacturers during the month of April 2000;

2. All monies received by the state or any official, agency or department of the state in settlement of claims by the state against tobacco manufacturers during fiscal year 2001;

3. That portion of monies apportioned to the Tobacco Settlement Fund pursuant to the provisions of subsection B of this section; and

4. Such other monies as may be appropriated or otherwise directed thereto by law.

The Tobacco Settlement Fund shall be a continuing fund, not subject to fiscal year limitations. No monies shall be paid out of such fund except pursuant to appropriation by the Legislature.

B. Unless the provisions of subsection C of this section become operative as law, monies received by the state or any official, agency or department of the state in settlement of claims by the state against tobacco manufacturers not otherwise apportioned pursuant to the provisions of Section 40 of Article X of the Oklahoma Constitution shall be apportioned as follows:

1. Seventy-five percent (75%) shall be apportioned to the Tobacco Settlement Fund; and

2. Twenty-five percent (25%) shall be apportioned to the Attorney General's Evidence Fund.

C. Monies received by the state or any official, agency or department of the state in settlement of claims by the state against tobacco manufacturers not otherwise apportioned pursuant to the provisions of Section 40 of Article X of the Oklahoma Constitution, if the provisions of the State Question as contained in Enrolled Senate Joint Resolution No. 27 of the 2nd Session of the 57th Oklahoma Legislature are approved by the people, shall be apportioned as follows:

1. Ninety-one and sixty-seven hundredths percent (91.67%) shall be apportioned to the Tobacco Settlement Fund; and

2. Eight and thirty-three hundredths percent (8.33%) shall be apportioned to the Attorney General's Evidence Fund.

Okla. Stat. tit. 62, § 50

Amended by Laws 2020 , c. 146, s. 1, eff. 11/1/2020.

Added by Laws 2000 , HB 1002, c. 47, §2, emerg. eff. 4/14/2000; Amended by Laws 2000, 1st Extr. Sess., SB 3, c. 8, § 24, emerg. eff. 7/1/2000; Amended by Laws 2001 , SB 372, c. 66, §1, emerg. eff. 4/10/2001; Amended by Laws 2012 , SB 1971, c. 370, §1, emerg. eff. 7/1/2012.