Tobacco Fund Board Certifies Additional $17.3M - Newschannel 6 Now | Wichita Falls, TX

Tobacco Fund Board Certifies Additional $17.3M

OKLAHOMA CITY (AP) - The board that oversees Oklahoma's Tobacco Settlement Endowment Trust Fund has certified an extra $17.3 million in earnings to use next year to fight tobacco addiction and for other health programs.

State Treasurer Ken Miller announced the earnings on Wednesday after a meeting with the board of directors that controls spending of the earnings.

The total amount of earnings certified by the board over the last fiscal year is $36 million. Miller says the additional funds certified Wednesday resulted from an attorney general's opinion that suggested a state law that restricts the calculation of earnings is unconstitutional.

The board also on Wednesday approved a policy to limit its annual spending to no more than five percent of the value of the fund.

The endowment currently contains about $662 million.

  • News HeadlinesNewsMore>>

  • US arrests, accuses woman of acting as Russian agent

    US arrests, accuses woman of acting as Russian agent

    Monday, July 16 2018 4:09 PM EDT2018-07-16 20:09:37 GMT
    Monday, July 16 2018 7:55 PM EDT2018-07-16 23:55:08 GMT
    (AP Photo/Markus Schreiber). U.S. President Donald Trump, left, listens to Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.(AP Photo/Markus Schreiber). U.S. President Donald Trump, left, listens to Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.

    Federal authorities have arrested a Russian woman accused of conspiring to infiltrate American political organizations at the direction of a senior Kremlin official.

    Federal authorities have arrested a Russian woman accused of conspiring to infiltrate American political organizations at the direction of a senior Kremlin official.

  • Trump questions US intel, not Putin, on Russia 2016 meddling

    Trump questions US intel, not Putin, on Russia 2016 meddling

    Monday, July 16 2018 12:57 PM EDT2018-07-16 16:57:16 GMT
    Monday, July 16 2018 7:51 PM EDT2018-07-16 23:51:11 GMT
    (AP Photo/Alexander Zemlianichenko). U.S. President Donald Trump, left, shakes hand with Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.(AP Photo/Alexander Zemlianichenko). U.S. President Donald Trump, left, shakes hand with Russian President Vladimir Putin during a press conference after their meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018.
    Trump says he raised election meddling with Putin, but says both sides to blame for bad relations.
    Trump says he raised election meddling with Putin, but says both sides to blame for bad relations.
  • Little boy is happy playing near big-boy toys

    Little boy is happy playing near big-boy toys

    Monday, July 16 2018 7:14 PM EDT2018-07-16 23:14:16 GMT
    Monday, July 16 2018 7:14 PM EDT2018-07-16 23:14:16 GMT
    The boy is playing with his toy dump truck and baby backhoe, maybe 10 yards from the real things. (Source: City of New Bern, NC Government)The boy is playing with his toy dump truck and baby backhoe, maybe 10 yards from the real things. (Source: City of New Bern, NC Government)

    The boy is playing with his toy dump truck and baby backhoe, maybe 10 yards from the real things.

    The boy is playing with his toy dump truck and baby backhoe, maybe 10 yards from the real things.

Powered by Frankly