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2007 House Resolution 123
Introduced by Rep. Virgil Smith 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.   Official Text and Analysis.
Passed by voice vote in the House on May 25, 2007