State of Illinois
91st General Assembly
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Public Act 91-0646

HB1628 Enrolled                                LRB9103175SMdv

    AN ACT to provide for the deposit of funds received  from
settlement of litigation against tobacco companies.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The State Finance Act is  amended  by  adding
Sections 5.540 and 6z-43 as follows:

    (30 ILCS 105/5.540 new)
    Sec. 5.540.  The Tobacco Settlement Recovery Fund.

    (30 ILCS 105/6z-43 new)
    Sec.  6z-43.  Tobacco Settlement Recovery Fund.  There is
created in the State Treasury a special fund to be  known  as
the  Tobacco  Settlement  Recovery  Fund  into which shall be
deposited 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. (Circuit Court
of Cook County, No. 96-L13146) 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 defined in  the  Master
Settlement Agreement, as well as any other monies as provided
by  law.  All earnings on Fund investments shall be deposited
into the Fund.  Upon the creation  of  the  Fund,  the  State
Comptroller  shall order the State Treasurer to transfer into
the Fund any monies paid to the State as  described  in  item
(1)  or  (2)  of this Section before the creation of the Fund
plus any interest earned on the investment of those monies.

    Section 99.  Effective date.  This Act takes effect  upon
becoming law.

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