Bill > SJR38

This joint resolution directs the Secretary of State to present a proposed amendment to the Oklahoma Constitution to the public for approval or rejection. This amendment would require the Board of Investors of the Tobacco Settlement Endowment Trust Fund to sell off 5% of the fund's assets each year by November 1st and deposit the money into a separate fund called the Health Care Enhancement Fund. The Legislature would then have the discretion to use these funds to improve the health of Oklahomans, including through direct medical spending. The Tobacco Settlement Endowment Trust Fund was established to manage money received from settlements or judgments against tobacco companies, with its earnings intended for various health-related purposes, including research, prevention programs, and services for children and senior adults.

http://www.oklegislature.gov/BillInfo.aspx?Bill=sjr38&Session=2600