Okla. Stat. tit. 62, § 62-2302: Purpose

The purpose of the Tobacco Settlement Endowment Trust Fund Act

is to further implement the provisions of Section 40 of Article X of

the Oklahoma Constitution that:

1. Created the Tobacco Settlement Endowment Trust Fund, the

Board of Investors of the Tobacco Settlement Endowment Trust Fund,

and the Board of Directors of the Tobacco Settlement Endowment Trust

Fund;

2. Directs the apportionment of revenues from settlements with

or judgments against tobacco companies between the Tobacco

Settlement Endowment Trust Fund and a special fund established for

the purpose of receiving tobacco settlement payments not deposited

to the trust fund; and

3. Authorizes the Board of Directors of the Tobacco Settlement

Endowment Trust Fund to expend trust fund earnings for specific

purposes.