OK SJR71

Creates the "Tobacco Settlement Endowment Trust Fund" to receive tobacco settlement payments from the State of Oklahoma beginning July 1, 2001, with deposit percentages ranging from 50% in fiscal year 2002 to 75% thereafter.

Establishes a Board of Investors (5 members) responsible for investing trust fund monies and a Board of Directors (7 members) responsible for directing expenditures of trust fund earnings.

Permits trust fund earnings to be expended for cancer and tobacco-related disease research, tobacco prevention and cessation programs, health care programs, children's programs, senior adult programs, administrative expenses, and Oklahoma Medicaid Program funding.

Allows the Legislature to expend earnings that accrued during the preceding fiscal year, with any unexpended amounts remaining in the trust fund and directed by the Board of Directors for purposes specified in the amendment.

Schedules a special election for November 8, 2016, to submit the proposed constitutional amendment to Oklahoma voters for approval or rejection.