71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
 
                            Enrolled
 
                         House Bill 3951
 
Sponsored by Representative MORRISETTE; Representative NELSON
 
 
                     CHAPTER ................
 
 
                             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. + }
                         ----------
 
 
Passed by House June 30, 2001
 
 
      ...........................................................
                                             Chief Clerk of House
 
      ...........................................................
                                                 Speaker of House
 
Passed by Senate July 3, 2001
 
 
      ...........................................................
                                              President of Senate
 
 
 
 
 
Enrolled House Bill 3951 (HB 3951-B)                       Page 1
 
 
 
 
 
Received by Governor:
 
......M.,............., 2001
 
Approved:
 
......M.,............., 2001
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2001
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled House Bill 3951 (HB 3951-B)                       Page 2