S.J.Res.38

Oklahoma SJR38 proposes a constitutional amendment to require divestment of 5% of the Tobacco Settlement Endowment Trust Fund assets annually and.

Oklahoma SJR38 proposes a constitutional amendment to Section 40 of Article X of the Oklahoma Constitution. It mandates the Board of Investors to divest 5% of the Tobacco Settlement Endowment Trust Fund's assets annually and deposit the proceeds into the Health Care Enhancement Fund. The fund's earnings, including interest, dividends, and capital gains, will be used to enhance health care services for Oklahomans, with a focus on children and senior adults. The Board of Directors, consisting of seven members appointed by various state officials, will oversee the fund and meet quarterly.