Attorney General No.
Secretary of State No.
TOBACCO LITIGATION SETTLEMENT FUNDS. DESIGNATING STATE AND LOCAL USE OF FUNDS. INITIATIVE STATUTE. Establishes, effective 1/1/2001, California Tobacco Settlement Fund and city and county Tobacco Settlement Funds. Requires proceeds from national tobacco litigation settlement be paid to such Funds and restricts annual allocations by state to designated health care services, and by cities and counties to health care and human services. When state tax revenues are forecasted to be less than prior fiscal year, the Legislature, by two-thirds vote, may reallocate state settlement proceeds. Allocation restrictions shall not apply to a county with population less than 750,000. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Measure would result in a state General Fund revenue loss, and a corresponding state special fund revenue gain, ranging from about $390 million to about $470 million annually (plus inflation adjustments). Similarly, there would be a commensurate revenue transfer from counties' current repositories for tobacco settlement payments to the local Tobacco Settlement Funds.
James E. Randlett Randlett/Nelson Associates, 1110 Second Street, Sacramento, Ca 95814
Failed to Qualify
Tobacco Litigation Settlement Funds. Designating State And Local Use Of Funds. California Initiative 885 (2000).