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Senate amends proposed constitutional trust fund for tobacco settlement money, adds supermajority protection
Summary
The Senate debated and amended a proposed constitutional trust fund for tobacco-settlement savings, adopting an amendment requiring three-fourths legislative approval plus the governor to touch the principal before moving the measure toward final consideration.
Salt Lake City — On Feb. 25, 2000, the Utah Senate debated a proposed constitutional trust fund intended to receive and invest proceeds from tobacco-settlement savings and voted to add a stricter protection for the fund’s principal.
Senator Hillier introduced an amendment to the second substitute of SJR 14 requiring that any withdrawal from the fund’s principal occur only with a three‑fourths vote in both legislative chambers and the concurrence of the governor. Hillier told colleagues she wanted a high…
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