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Tobacco Settlement Plan Approved

10/25/99
Louisianians, by a nearly two-to-one margin, approve a constitutional amendment that spells out how BILLIONS of dollars from the national settlement with tobacco companies will be spent. Louisiana will receive more than four-and-a-half-BILLION dollars over 30 years. The amendment voters approved places the bulk of the money in investments that will create a perpetual trust fund. The dividends will fund health and education programs.
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