HB 247 (BR 1013) - S. Nunn
AN ACT relating to proceeds from the Tobacco Master Settlement Agreement, making an appropriation therefor, and declaring an emergency.
Amend KRS 248.654 to provide for the distribution of money received from the master settlement agreement; place 10% of the funds from the tobacco settlement agreement fund in a master settlement agreement trust fund that shall not be disbursed before July 1, 2002; distribute the remainder of the funds in the tobacco settlement agreement fund as follows: 50% to a rural development fund, 25% to an early childhood development fund, and 25 % to the Kentucky health care improvement fund; establish the master settlement agreement trust fund; make conforming amendments to KRS 248.655, KRS 200.151, KRS 194A.055, and the 2000-2002 State/Executive Branch Budget, 2000 Kentucky Acts Chapter 549, Part XI; provide that this Act prevails over any conflicting provision of the fiscal biennium 2000-2002 State/Executive Budget Memorandum, 2000 Kentucky Acts Chapter 525; EMERGENCY.
Feb 9-introduced in House
Feb 12-to Agriculture and Small Business (H)