Alva Review-Courier -

Oklahoma receives $78 million payment from tobacco companies

 

April 28, 2017



OKLAHOMA CITY (AP) — Oklahoma has received a $78 payment million from the tobacco industry as part of a 1999 settlement of a lawsuit against tobacco companies.

State Treasurer Ken Miller said Friday that 75 percent of the payment, or $58.5 million, went to the Tobacco Settlement Endowment Trust Fund for investment. The rest is split between the Legislature for health care-related appropriations and the attorney general, who enforces the settlement.

The fund was created in 2000 when voters approved a constitutional amendment allowing only earnings from the fund to be spent to improve the h...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 08/03/2020 21:12