UT HB0229

Removes specific dollar amounts from the Tobacco Settlement Restricted Account and Electronic Cigarette Substance and Nicotine Product Proceeds Restricted Account distribution formulas, allowing the Legislature to set appropriation amounts instead of fixed statutory figures

Eliminates the $4,000,000 annual allocation to the University of Utah Health Sciences Center that was previously designated from Tobacco Settlement funds

Establishes a sequential priority system for distributing funds when appropriations exceed actual account revenues, with the Division of Finance satisfying each appropriation in order until funds are exhausted

Requires the Legislature to include intent language in appropriations bills that references the specific statutory purpose for each distribution from these restricted accounts

Takes effect May 6, 2026, with changes to the Tobacco Settlement and Electronic Cigarette restricted account provisions specifically effective July 1, 2026