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$230 million will be diverted to a new state jobs fund; foundation employees transferred to Health Department.
Jump to full article: Dayton (OH) Daily News, 2008-05-07
Author: William Hershey Staff Writer
Intro: The foundation that operated Ohio's anti-smoking programs is gone.
Gov. Ted Strickland on Tuesday, May 6, signed legislation, effective immediately, abolishing the Ohio Tobacco Prevention Foundation and authorizing state Treasurer Richard Cordray to liquidate its $270 million in remaining funds -- with $230 million going to a new state jobs fund.
The remaining $40 million goes for the foundation's obligations, which will be taken over by the state Health Department. The foundation was created with money from Ohio's share of the national tobacco settlement.
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