Is Oklahoma the only state with a constitutionally protected public health trust from tobacco settlement payments? - Oklahoma Watch
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Is Oklahoma the only state with a constitutionally protected public health trust from tobacco settlement payments? - Oklahoma Watch
Yes. Though 46 states secured a settlement that resulted in major tobacco companies paying them billions of dollars annually, only Oklahoma protects these payments in a constitutional trust. Established in 2000 through a voter-approved constitutional amendment, the Tobacco Settlement Endowment Trust ensures that 75% of the state’s annual tobacco settlement payments are deposited in the trust, with only the earnings being spent to ensure its grow…
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