Plain English Breakdown
The effective date is July 1, 2026, but the funding rules apply retroactively starting from fiscal year 2023.
Changing How Tobacco Settlement Money Is Spent
This law changes the rules for how money from the Tobacco Settlement Fund is split between tobacco control programs and general state spending.
What This Bill Does
- Sets aside $12 million annually for the Tobacco and Health Trust Fund starting in fiscal year 2023 through June 30, 2025.
- Requires that all money from the fund go to the General Fund during the fiscal year ending June 30, 2026.
- Increases the amount sent to the Tobacco and Health Trust Fund to $32 million annually starting in fiscal year 2027.
- Sends any remaining money not used for tobacco programs into the state's General Fund.
Who It Names or Affects
- The Tobacco Settlement Fund
- The Tobacco and Health Trust Fund
- The State General Fund
Limits and Unknowns
- This law does not specify how much money is currently in the Tobacco Settlement Fund.
- It only sets fixed dollar amounts for specific years, so it may change if future laws are passed.