$52.7 Million In Tobacco Trust Earnings Certified
State Treasurer Ken Miller says Oklahoma's Tobacco Settlement Endowment Trust Board of Investors certified $52.7 million in annual earnings Thursday. The money will be used to fund the prevention and reduction of tobacco use and other health issues.
“We are carefully investing the funds to ensure Oklahomans get the most benefit,” Miller said in a statement. “This certification reflects an increase of $13.6 million or 35 percent over the funds made available last year from Oklahoma’s share of the tobacco settlement.”
The board has certified more than $242 million in earnings since voters approved the endowment in 2000.
Oklahoma is the only state with a constitutionally protected endowment funded by the tobacco settlement.
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