Okla. Stat. tit. 62, § 62-50
This is the official text of Okla. Stat. tit. 62, § 62-50, 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 Fund - Monies
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund to be known and designated as the Tobacco Settlement Fund, into
which fund shall be deposited:
1. All monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers during the month of April 2000;
Oklahoma Statutes - Title 62. Public Finance Page 193
2. All monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers during fiscal year 2001;
3. That portion of monies apportioned to the Tobacco Settlement
Fund pursuant to the provisions of subsection B of this section; and
4. Such other monies as may be appropriated or otherwise
directed thereto by law.
The Tobacco Settlement Fund shall be a continuing fund, not
subject to fiscal year limitations. No monies shall be paid out of
such fund except pursuant to appropriation by the Legislature.
B. Unless the provisions of subsection C of this section become
operative as law, monies received by the state or any official,
agency or department of the state in settlement of claims by the
state against tobacco manufacturers not otherwise apportioned
pursuant to the provisions of Section 40 of Article X of the
Oklahoma Constitution shall be apportioned as follows:
1. Seventy-five percent (75%) shall be apportioned to the
Tobacco Settlement Fund; and
2. Twenty-five percent (25%) shall be apportioned to the
Attorney General's Evidence Fund.
C. Monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers not otherwise apportioned pursuant to the
provisions of Section 40 of Article X of the Oklahoma Constitution,
if the provisions of the State Question as contained in Enrolled
Senate Joint Resolution No. 27 of the 2nd Session of the 57th
Oklahoma Legislature are approved by the people, shall be
apportioned as follows:
1. Ninety-one and sixty-seven hundredths percent (91.67%) shall
be apportioned to the Tobacco Settlement Fund; and
2. Eight and thirty-three hundredths percent (8.33%) shall be
apportioned to the Attorney General's Evidence Fund.
fund to be known and designated as the Tobacco Settlement Fund, into
which fund shall be deposited:
1. All monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers during the month of April 2000;
Oklahoma Statutes - Title 62. Public Finance Page 193
2. All monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers during fiscal year 2001;
3. That portion of monies apportioned to the Tobacco Settlement
Fund pursuant to the provisions of subsection B of this section; and
4. Such other monies as may be appropriated or otherwise
directed thereto by law.
The Tobacco Settlement Fund shall be a continuing fund, not
subject to fiscal year limitations. No monies shall be paid out of
such fund except pursuant to appropriation by the Legislature.
B. Unless the provisions of subsection C of this section become
operative as law, monies received by the state or any official,
agency or department of the state in settlement of claims by the
state against tobacco manufacturers not otherwise apportioned
pursuant to the provisions of Section 40 of Article X of the
Oklahoma Constitution shall be apportioned as follows:
1. Seventy-five percent (75%) shall be apportioned to the
Tobacco Settlement Fund; and
2. Twenty-five percent (25%) shall be apportioned to the
Attorney General's Evidence Fund.
C. Monies received by the state or any official, agency or
department of the state in settlement of claims by the state against
tobacco manufacturers not otherwise apportioned pursuant to the
provisions of Section 40 of Article X of the Oklahoma Constitution,
if the provisions of the State Question as contained in Enrolled
Senate Joint Resolution No. 27 of the 2nd Session of the 57th
Oklahoma Legislature are approved by the people, shall be
apportioned as follows:
1. Ninety-one and sixty-seven hundredths percent (91.67%) shall
be apportioned to the Tobacco Settlement Fund; and
2. Eight and thirty-three hundredths percent (8.33%) shall be
apportioned to the Attorney General's Evidence Fund.
Status: in_force · Read it on the official government site
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