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Senate advances constitutional trust-fund resolution amid debate over tobacco money and withdrawal rules
Summary
The Senate advanced SJR 14, a resolution to create a constitutional institutional trust fund (intended to receive future appropriations such as tobacco-settlement proceeds), but senators debated whether the measure should specify withdrawal thresholds or an identified funding stream before sending it to third reading.
Senate Joint Resolution 14, to create a constitutional institutional trust fund, was advanced to third reading following extensive floor debate.
Sponsor (recorded on the floor as Senator Poulton/Polten) said the resolution establishes a constitutionally protected place to park future appropriations and does not itself appropriate or identify…
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