State of Illinois
91st General Assembly
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Public Act 91-0797

SB1851 Enrolled                                LRB9112668DJcs

    AN ACT to amend the State Finance Act by changing Section

    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 changing
Section 6z-43 as follows:

    (30 ILCS 105/6z-43)
    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.
The Treasurer may invest the moneys in the Fund in  the  same
manner,  in the same types of investments, and subject to the
same limitations provided in the Illinois  Pension  Code  for
the  investment of pension funds other than those established
under Article 3 or 4 of the Code.
(Source: P.A. 91-646, eff. 11-19-99.)
    Section 99.  Effective date.  This Act takes effect  upon
becoming law.

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