Montana Code 17-6-603. Montana tobacco settlement trust fund — state special revenue fund account
17-6-603. Montana tobacco settlement trust fund — state special revenue fund account. (1) Nine-tenths of the interest and income derived from the trust fund on or after January 1, 2001, must be deposited in an account in the state special revenue fund and is subject to appropriation in accordance with subsection (3). One-tenth of the interest and income derived from the trust fund must remain in the trust fund.
Terms Used In Montana Code 17-6-603
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Health care: has the meaning provided in 50-16-504. See Montana Code 17-6-602
- Programs for tobacco disease prevention: means programs of services administered by the state for the purposes of informing individuals of the health risks of tobacco use and exposure to secondhand tobacco smoke, assisting persons in the avoidance of tobacco products use, and assisting individuals in cessation of tobacco use. See Montana Code 17-6-602
- 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: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
- Trust fund: means the Montana tobacco settlement trust fund authorized by Article XII, section 4, of the Montana constitution and implemented through this part. See Montana Code 17-6-602
(2)In addition to the money required to be deposited in the trust fund as principal, the legislature may deposit additional money in the trust fund as principal.
(3)The legislature shall appropriate money from the state special revenue fund account provided for in subsection (1) for programs for tobacco disease prevention and for state programs that provide benefits, services, or coverage of health care needs.
(4)The money appropriated under this section may not be used to replace state or federal money used to fund programs for tobacco disease prevention or state programs in existence on December 31, 1999, that provide benefits, services, or coverage of health care needs.