House Sponsors: FEIGENHOLTZ-FRITCHEY, ERWIN, RONEN AND LOPEZ. Short description: TOBACCO SETTLEMNT RECOVRY FUND Synopsis of Bill as introduced: Amends the State Finance Act. Creates the Tobacco Settlement Recovery Fund which shall consist of all monies paid to the State pursuant to (1) the Master Settlement Agreement entered in the case of People of the State of Illinois v. Philip Morris, et al. and (2) any settlement with or judgment against any tobacco product manufacturer other than one participating in the Master Settlement Agreement in satisfaction of any released claim, as well as any other monies as provided by law. Provides that at least 50% of all monies deposited into the Fund shall be appropriated for new or enhanced public health initiatives, or for the continuation of any such initiatives. Provides for the creation of the Tobacco Recovery Advisory Commission to advise on the use and allocation of monies deposited into the Fund. Provides that the Commission shall report to the Governor and the General Assembly not later than January 1 of each calendar year. Effective immediately. HOUSE AMENDMENT NO. 2. Provides that the amount of monies paid to the State and deposited into the Tobacco Settlement Recovery Fund shall be adjusted for amounts related to claims by local political subdivisions, as well as other required adjustments, as provided in the Master Settlement Agreement. FISCAL NOTE (Attorney General) There will be no fiscal impact. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status