2000 Minnesota Statutes

     16A.87 Tobacco settlement fund. 

    Subdivision 1.    Establishment; purpose.  The tobacco 
 settlement fund is established as a clearing account in the 
 state treasury.  

    Subd. 2.    Deposit of money.  The commissioner shall 
 credit to the tobacco settlement fund the tobacco settlement 
 payments received by the state on September 5, 1998, January 4, 
 1999, January 3, 2000, and January 2, 2001, as a result of the 
 settlement of the lawsuit styled as State v. Philip Morris Inc., 
 No. C1-94-8565 (Minnesota District Court, Second Judicial 
 District).  

    Subd. 3.    Appropriation.  Of the amounts credited to 
 the fund, 61 percent is appropriated for transfer to the tobacco 
 use prevention and local public health endowment fund created in 
 section 144.395 and 39 percent is appropriated for transfer to 
 the medical education endowment fund created in section 62J.694. 

    Subd. 4.    Sunset.  The tobacco settlement fund expires 
 June 30, 2015.  

    HIST: 1999 c 245 art 11 s 1,7