Tobacco Fund Money

By: Associated Press
By: Associated Press

The Joint Budget Committee in Colorado's Legislature today delayed a decision on a proposal to sell some tobacco fund money on the bond market after several lawmakers suggested in a private meeting that the state should try to get a better deal.

The six committee members huddled in a back room near the
hearing room out of earshot of tobacco interest group members who
had gathered to hear the debate.

Lawmakers could not agree on a plan and delayed any decision
until next week. They announced the delay after the private

State law requires meetings between lawmakers be public --
except for personnel, contract and security issues.

The state receives money under a 1998 nationwide agreement with
tobacco companies that settled lawsuits. It was worth 206 billion dollars and Colorado's share is roughly two point nine billion dollars.

KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 254371 -
Gray Television, Inc.