2007 House Resolution 123

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Introduced by Rep. Virgil Smith, Jr. (D) on May 25, 2007, to express support for borrowing up to $500 million to avoid spending cuts in the Fiscal Year 2006-2007 budget. The money would be borrowed against future revenue from the 1998 tobacco company lawsuit settlement, which currently is used for Medicaid spending, non-need based college scholarships, and other purposes. Passed in the House by voice vote on May 25, 2007.

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1) What a game [by Anonymous Citizen on May 29, 2007]
Anything to avoid spending cuts. Too many people caught on to the tax increases so we'll borrow money now and tax later.
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2) 2007 House Resolution 123 [by admin on January 1, 2001]
Introduced in the House on May 25, 2007, to express support for borrowing up to $500 million to avoid spending cuts in the Fiscal Year 2006-2007 budget. The money would be borrowed against future revenue from the 1998 tobacco company lawsuit settlement, which currently is used for Medicaid spending, non-need based college scholarships, and other purposes

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