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Senate Roll Call 490 on
2005 House Bill 5048: “Securitize” tobacco lawsuit settlement revenue

To establish a state board to “securitize” or sell approximately one-third of the revenue stream from the 1998 tobacco company lawsuit settlement, the entire amount of which is approximately $280 million per year, and create regulations for this. This will reportedly generate a lump sum of $1 billion, which will be used to pay for the grants, loans and business subsidy programs proposed by House Bill 5047.

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Republican
811981%
188218%
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22 total votes
Democrat
100100%
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16 total votes

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Senate Roll Call 490 on 2005 House Bill 5048

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