Tobacco fund spending plan criticized - - Tulsa, OK - News, Weather, Video and Sports - |

Tobacco fund spending plan criticized

Governor Keating's plan to use tobacco
settlement money for a 500 (m) million-dollar bond issue has come under attack.

At a legislative hearing today, Attorney General Drew Edmondson and State Treasurer Robert Butkin said it would be much wiser to
set up a trust fund, spending only the interest on programs.

Leaders of the Oklahoma Silver-Haired Legislature also criticized the bond plan, insisting that much of the money be used for health-related projects.

James Crowder, speaker of the group, called the plan ludicrous and urged senior citizens to make their opposition known to lawmakers.
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