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91_SB1851eng SB1851 Engrossed LRB9112668DJcs 1 AN ACT to amend the State Finance Act by changing Section 2 6z-43. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The State Finance Act is amended by changing 6 Section 6z-43 as follows: 7 (30 ILCS 105/6z-43) 8 Sec. 6z-43. Tobacco Settlement Recovery Fund. There is 9 created in the State Treasury a special fund to be known as 10 the Tobacco Settlement Recovery Fund into which shall be 11 deposited all monies paid to the State pursuant to (1) the 12 Master Settlement Agreement entered in the case of People of 13 the State of Illinois v. Philip Morris, et al. (Circuit Court 14 of Cook County, No. 96-L13146) and (2) any settlement with or 15 judgment against any tobacco product manufacturer other than 16 one participating in the Master Settlement Agreement in 17 satisfaction of any released claim as defined in the Master 18 Settlement Agreement, as well as any other monies as provided 19 by law. All earnings on Fund investments shall be deposited 20 into the Fund. Upon the creation of the Fund, the State 21 Comptroller shall order the State Treasurer to transfer into 22 the Fund any monies paid to the State as described in item 23 (1) or (2) of this Section before the creation of the Fund 24 plus any interest earned on the investment of those monies. 25 The Treasurer may invest the moneys in the Fund in the same 26 manner, in the same types of investments, and subject to the 27 same limitations provided in the Illinois Pension Code for 28 the investment of pension funds other than those established 29 under Article 3 or 4 of the Code. 30 (Source: P.A. 91-646, eff. 11-19-99.) SB1851 Engrossed -2- LRB9112668DJcs 1 Section 99. Effective date. This Act takes effect upon 2 becoming law.