Tobacco fund spending plan criticized
Tuesday, October 26th 1999, 12:00 am
By: News On 6
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.