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House Bill 1002

House Bill 1002

ARCHIVE (2003)

Latest Information

DIGEST OF HB 1002 (Updated February 12, 2003 8:25 PM - DI 44)

Securitization of tobacco settlement funds. Establishes the tobacco settlement authority and provides for the sale of bonds payable from future tobacco settlement payments to the state. Establishes procedures to be followed by the authority when entering into contracts for certain services related to the issuance and sale of bonds. Makes related changes in the statute governing distributions from the tobacco master settlement agreement fund. Makes certain continuing and temporary appropriations from the tobacco master settlement agreement fund and authorizes the expenditure of money from the fund in excess of the statutory spending limit if the total of those appropriations exceeds that limit. Increases the income ceiling for eligibility for the Hoosier Rx program from 135% to 185% of the federal poverty guideline. Establishes a health professions scholarship program. Appropriates money from the tobacco master settlement agreement fund to the tobacco settlement authority.
Current Status:
In Committee - first House
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