Okla. Stat. tit. 62, § 62-2303

This is the official text of Okla. Stat. tit. 62, § 62-2303, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.

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Tobacco Settlement Endowment Trust Fund – Monies

Official statutory text

consisting principal.

A. Section 40 of Article X of the Oklahoma Constitution created

a trust fund to be known as the “Tobacco Settlement Endowment Trust

Fund”. The trust fund principal shall consist of the portion of

monies which are received by the State of Oklahoma on or after July

1, 2001, pursuant to any settlement with or judgment against any

tobacco company or companies as provided by subsection B of this

section, the Fifty Million Dollars ($50,000,000.00) transferred to

the Tobacco Settlement Endowment Trust Fund pursuant to Section 29,

Chapter 8, 1st Extraordinary Session, O.S.L. 2000, and any other

monies that may be appropriated or otherwise directed to the trust

fund by the Legislature.

B. The trust fund principal shall consist of monies which are

deposited to the trust fund. Notwithstanding any other provisions

of law, income and investment return on trust fund principal shall

accrue to the trust fund.

Status: in_force · Read it on the official government site

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