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Bill > HB625


KY HB625

KY HB625
AN ACT relating to the Tobacco Settlement Agreement Fund.


summary

Introduced
02/28/2022
In Committee
02/28/2022
Crossed Over
Passed
Dead
04/14/2022

Introduced Session

2022 Regular Session

Bill Summary

Amend KRS 248.654 to require that moneys deposited in the Tobacco Settlement Agreement Fund total at least $100,000,000 each fiscal year.

AI Summary

This bill amends KRS 248.654 to require that the moneys deposited in the Tobacco Settlement Agreement Fund total at least $100,000,000 each fiscal year. The Tobacco Settlement Agreement Fund is a permanent and perpetual fund established in the State Treasury to receive funds from the 1998 master settlement agreement between participating tobacco manufacturers and the settling states, as well as any related federal legislation. The bill specifies that the funds in this account should be used as the General Assembly's highest priority for tobacco farmers, tobacco-impacted communities, and health-related areas.

Sponsors (1)

Last Action

to Committee on Committees (H) (on 02/28/2022)

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