MULLIGAN-COULSON. New Act 30 ILCS 105/5.540 new Creates the Tobacco Settlement Investment Act and amends the State Finance Act. Creates the Tobacco Settlement Investment Trust Fund as a special fund in the State treasury. Requires the State Treasurer to deposit into the Fund 60% of the moneys received by the State in a tobacco settlement, for purposes of investment. Creates the Tobacco Settlement Bonding Authority. Requires the State Treasurer to transfer to the Authority 40% of the moneys received by the State in a tobacco settlement, for purposes of financing the issuance of bonds. Authorizes the Authority to issue up to $1,000,000,000 in bonds. Dissolves the Authority 40 years after the effective date of the Tobacco Settlement Investment Act. Effective immediately. 00-01-19 H FIRST READING 00-01-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-25 H ADDED AS A JOINT SPONSOR COULSON 00-01-26 H ASSIGNED TO COMMITTEE TOBACCO 00-02-17 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary