Measure creates fund using Oregon's share of tobacco litigation settlement.
There is no financial effect on local government expenditures. The Health Security Fund is established in the State Treasury, separate and distinct from the General Fund. All earnings on moneys in the fund shall be appropriated continuously and expended only for the purpose of financing health programs. The Health Security Fund shall consist of all moneys paid to this state by United States tobacco products manufacturers under the Master Settlement Agreement of 1998. When the electors of this state approve the use of moneys in the fund for a purpose other than financing health programs, moneys may be appropriated from the Health Security Fund under this subsection only for the purpose approved by the electors.