§ 19-5-1116 - Tobacco Settlement Program Fund.

19-5-1116. Tobacco Settlement Program Fund.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the Tobacco Settlement Program Fund.

(b) (1) This fund shall consist of those moneys deposited from the Tobacco Settlement Cash Holding Fund provided in 19-12-104 and interest earnings.

(2) The fund shall be used for the transfer of funds to the various funds and fund accounts set out in 19-12-108, administered by the State Board of Finance.