Oregon Statutes 293.540 – Health Care Trust Fund; sources; uses; investment
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Health Care Trust Fund. The Health Care Trust Fund shall consist of moneys, in amounts directed by the Legislative Assembly, paid to this state by United States tobacco products manufacturers under the Master Settlement Agreement of 1998.
Terms Used In Oregon Statutes 293.540
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(2) All earnings on moneys in the Health Care Trust Fund are continuously appropriated to the Oregon Department of Administrative Services and shall be expended only for the purpose of financing health programs.
(3) Moneys in the Health Care Trust Fund shall be invested as provided in ORS § 293.701 to 293.790 and the earnings from such investments shall be credited to the fund. Earnings shall be distributed annually or as directed by the Director of the Oregon Department of Administrative Services. [2001 c.986 1,2,3]
293.540 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 293 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
DISTRIBUTING CERTAIN FEDERAL MONEYS