SB 1529 Summary

• Amends 62 O.S. 2011, Section 2309 to broaden allowable uses of Tobacco Settlement Endowment Trust Fund earnings to include public health programs.

• Designates funding for University of Oklahoma Health Sciences Center and Oklahoma State University College of Osteopathic Medicine educational programs and residency training as an allowable trust fund purpose.

• Designates funding for programs required by the Oklahoma Medicaid Healthcare Options Act as an allowable trust fund purpose.

• Clarifies language throughout the statute by replacing references to "Board of Directors" with "Board" and making grammatical corrections.

• Becomes effective upon certification of election returns favoring passage of the Constitutional Amendment proposed in Senate Joint Resolution No. 70 of the 2nd Session of the 55th Oklahoma Legislature.