Oklahoma Tobacco Settlement Endowment Trust Fund, State Question 692 (2000)
The Oklahoma Tobacco Settlement Endowment Trust Fund Amendment, also known as State Question 692, was on the November 7, 2000 ballot in Oklahoma as a legislatively-referred constitutional amendment, where it was approved. The measure created the Tobacco Settlement Endowment Trust Fund. The measure also provided for the appropriation of the payments to the fund.
|Oklahoma State Question 692 (2000)|
Election results via: Oklahoma Secretary of State
Text of measure
The official ballot title appeared as:
|“||This measure amends the Oklahoma Constitution. It adds Section 40 to Article 10. The measure creates the Tobacco Settlement Endowment Trust Fund. A percentage of the payments received by the state from tobacco companies shall be deposited in the trust fund. The percentage goes from 50% for the fiscal year ending June 30, 2002, to 75% for any fiscal year ending June 30, 2007, and after. Monies not deposited in the trust fund shall be subject to legislative appropriations. The trust fund would be managed by the Board of Directors. The Board of Directors would consist of members appointed by various state officials. The trust fund monies could be invested according to certain standards. A Board of Investors would have the duty of investing the trust fund monies. The chair of the Board of Investors would be the State Treasurer. Other members would be appointed by various state officials. The earnings from the trust fund may be expended by the Board of Directors for certain purposes. The purposes include tobacco prevention and cessation programs, health care, education, other children’s services and programs for senior adults. The measure allows the Legislature to pass laws to further implement this section.||”|
The full text of the measure can be read here.
- Oklahoma 2000 ballot measures
- 2000 ballot measures
- List of Oklahoma ballot measures
- History of Initiative & Referendum in Oklahoma
- Oklahoma Secretary of State, "State Questions," accessed November 24, 2014
- Oklahoma Secretary of State, "State Question 692," accessed November 24, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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