71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 4168
 
                           B-Engrossed
 
                         House Bill 3951
                  Ordered by the House June 30
       Including House Amendments dated May 8 and June 30
 
Sponsored by Representative MORRISETTE
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
    { - Appropriates moneys from - }  { +  Establishes Health
Care Trust Fund consisting of moneys, in amounts directed by
Legislative Assembly, from + } moneys paid to state by United
States tobacco products manufacturers under Master Settlement
Agreement of 1998   { - to specified agencies for specified
purposes - } . { +  Provides that earnings of fund are to be used
by Oregon Department of Administrative Services for financing
health programs. + }
  Declares emergency, effective July 1, 2001.
 
                        A BILL FOR AN ACT
Relating to state finance; appropriating money; and declaring an
  emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 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. + }
  SECTION 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. + }
  SECTION 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. + }
  SECTION 4.  { + This 2001 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2001 Act takes effect July 1,
2001. + }
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