SB1430 - Tennessee: Tobacco Master Settlement Agreement

Companion Bill HB0612. Tobacco Master Settlement Agreement - Changes the percentage of funds received pursuant to the master settlement agreement to be distributed to the health reserve account and the agricultural reserve account; appropriates the funds to the health fund committee and the agricultural fund committee to be disbursed in the manner directed by such committees. - Amends TCA Title 9, Chapter 4, Part 55. Fiscal Summary for SB1430 / *HB0612(CORRECTED) Decrease State Revenues - $141,800,000 / General Fund Increase State Revenues - $99,260,000 / Health Reserve Account $42,540,000 / Agricultural Reserve Account Bill Summary for SB1430 / *HB0612 Under present law, the funds received from the tobacco master settlement agreement in fiscal year 2000-2001 were equally divided into two separate accounts, the agricultural reserve [...]

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