2025 Session
Last amended: 2023 session
§ 16A.97 — Tobacco Bonds
Plain-Language Summary
Creates the federal fund offset account for managing federal funding changes.
16A.97 TOBACCO BONDS.
The commissioner may sell and issue debt under section 16A.99, but the net proceeds of bonds issued and sold under that section must not exceed $640,000,000 during fiscal years 2012 and 2013.
History:
1Sp2011 c 7 art 11 s 2; 2023 c 62 art 2 s 62
History: History: 1Sp2011 c 7 art 11 s 2; 2023 c 62 art 2 s 62
Practical Notes
Helps the state adjust when federal funding levels change unexpectedly.