8.597. Advisory committee on tobacco securitization established, members, duties. - Missouri Statutes

Advisory committee on tobacco securitization established, members,duties.

8.597. 1. There is established a joint committee of the generalassembly to be known as the "Advisory Committee on Tobacco Securitization",to be comprised of five members of the senate and five members of the houseof representatives. Three of the senate members shall be appointed by thepresident pro tem of the senate and two by the senate minority leader.Three of the house members shall be appointed by the speaker of the houseand two by the house minority leader. The appointment of each member shallcontinue during his or her term of office as a member of the generalassembly or until a successor has been duly appointed to fill his or herplace when his or her term of office as a member of the general assemblyhas expired.

2. The committee shall study and recommend who the financialadvisors, investment bankers, and other professional advisors shall be forthe authority, and shall make a written report to the authority withinsixty days of passage of the bill. The committee shall also study andprovide a written report by December thirty-first of each year to theauthority detailing suggested allowable projects and payments for whichmoney from the tobacco settlement securitization settlement trust fund maybe used in the next appropriation cycle.

(L. 2002 S.B. 1191 § 1)

Effective 6-7-02