Creating the medical education and research, children's and tobacco prevention endowment funds for deposit of certain tobacco litigation settlement payments, requiring investment of the funds by the state board of investment; requiring use of the medical education and research endowment fund for medical education and research activities and appropriating money from the fund to the commissioner of health for distribution; requiring use of the children's endowment fund to supplement traditional sources of funding for activities for young children and parents, authorizing and providing for the acceptance of gifts and donations to the fund, requiring audits by the legislative auditor, specifying authorized expenditures, providing for royalties, copyrights and patents and creating an advisory task force to evaluate additional funding sources for and develop a proposal for governance of the fund, requiring a report to the legislature and the governor by a certain date; requiring use of the tobacco prevention endowment fund by the Minnesota partnership for action against tobacco to reduce the human and economic consequence of tobacco use through prevention measures, requiring audits by the legislative auditor and annual reports to the legislature; appropriating money to the commissioner of finance for transfer to the funds (rla)