House Sponsors: SCHOENBERG. Short description: TOBACCO SETTLEMENT-NO BONDS Synopsis of Bill as introduced: Amends the State Finance Act. Provides that tobacco settlement proceeds paid to the State may not be used for any purpose related to the issuance of bonds, the payment of principal or interest on bonds, or the payment of any other costs in connection with bonds, except bonds issued to finance projects related to public health. Effective immediately. FISCAL NOTE (State Treasurer) HB 734 only restricts the use of funds. Therefore, it does not increase or decrease State revenues or expenditures. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status