Issue Date: 1998-10-21
Revised Date:

Legal Cites

Origin:

1998

Purpose

To hold the portion of the tobacco settlement money designated for the exclusive benefit of political subdivisions. The lump sum trust account and the permanent trust account are established within the trust fund. The lump sum account will be distributed directly to political subdivisions as directed in the settlement. The permanent trust account will be maintained and the earnings distributed to political subdivisions as directed in the settlement.
Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies

Note

USAS Values

USAS Title TOBACCO SETTLEMT PERM TRUST (POL SUBDIV)
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status A
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities