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Loan from tobacco trust fund in works 

Jump to full article: Jackson (MS) Clarion-Ledger, 2005-01-02
Author: Sid Salter

Intro:

The Health Care Trust Fund was established on July 1, 1999, as the repository of the state's $4.1 billion tobacco settlement. Lawmakers projected a trust fund of $4-5 billion by 2018. . . .

The kicker? The Capitol scuttlebutt is that this supposed "loan" from the Health Care Trust Fund would be "repaid" from higher taxes on cigarettes and that future new cigarette tax revenues be dedicated to funding health care.

Can lawmakers "borrow" from a pool of money from which appropriations were already authorized last year? Stay tuned.

It didn't work out that way.

Will they spend it all?

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