Oklahoma Statutes
§ 62-2302 — Purpose.
Oklahoma·Title 62 Public Finance
The purpose of the Tobacco Settlement Endowment Trust Fund Act is to further implement the provisions of Section 40 of Article X of the Oklahoma Constitution that: 1. Created the Tobacco Settlement Endowment Trust Fund, the Board of Investors of the Tobacco Settlement Endowment Trust Fund, and the Board of Directors of the Tobacco Settlement Endowment Trust Fund; 2. Directs the apportionment of revenues from settlements with or judgments against tobacco companies between the Tobacco Settlement Endowment Trust Fund and a special fund established for the purpose of receiving tobacco settlement payments not deposited to the trust fund; and 3. Authorizes the Board of Directors of the Tobacco Settlement Endowment Trust Fund to expend trust fund earnings for specific purposes.
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Legislative History
Added by Laws 2001, c. 274, § 2, emerg. eff. May 31, 2001.
Nearby Sections
15
§ 62-10.1
Renumbered§ 62-10.3
Renumbered§ 62-10.4
Renumbered§ 62-11
Bond Commissioner.§ 62-113
Transfer - How made.§ 62-114
Register of bonds - Interest.§ 62-116
Rights of holders.§ 62-117
Fee for transfer.§ 62-120.3
Advertisement and bids.§ 62-120.4
Property accounts.