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A Bipartisan Proposal Would Put One Billion Dollars In A Fund

The Missouri House of Representatives took another step in the direction of bipartisanship on Monday. Seth Bachelier has the story from Jefferson City...

House Republicans and Democrats together proposed to create a special fund for tobacco settlement money.

The fund would first allocate one billion dollars of an expected four billion total.

Then, the fund's interest would be spent on such things as prescription drugs, smoking prevention and education.

And the people will vote to see how the money is spent, which House Speaker Jim Kreider says is important.

And members of both parties say this plan is better than Holden's order because it plans for the future by putting some money away.

From Jefferson City, I'm Seth Bachelier.

The Missouri legislature again showed its bipartisan abilities Monday as the House of Representatives proposed a new plan for tobacco settlement money. Seth Bachelier has the story from Jefferson City...

House Republicans and Democrats have planned to create a fund for tobacco money.

Of the four billion dollars expected from the settlement, the fund will set aside one billion dollars.

Then, the interest made will be spent by the state.

And House Republican leader Catherine Hanaway says this plan isn't as restrictive as Holden's.

And the people will also have a say.

Under the proposal, a special election will be held in November to vote on where the money should go.

From Jefferson City, I'm Seth Bachelier.