Secures the revenue stream from the master settlement agreement between the state and tobacco product manufacturers in order to provide a source of revenue for the state and federal basic health plan and other medical care services. Issues nonrecourse revenue bonds to make funds available for these medical care services as a bridge to full implementation of the federal affordable care act in 2014. Provides for submission of the act to a vote of the people. Official Text and Analysis.
Referred to the Senate Ways & Means Committee on March 23, 2012