How are the settlement proceeds to be spent?
With regard to the settlement proceeds, our state has decided to allocate the money as set forth in Hawaii Revised Statutes Chapter 328L: (1) the first $350,000 every fiscal year is disbursed to the Department of the Attorney General for the purposes of enforcing the MSA and HRS Chapter 675; from the remaining moneys, (2) twenty-four and a half percent (24.5%) is allocated to the emergency and budget reserve fund (the “rainy day” fund); (3) twelve and a half percent (12.5%) goes into a trust fund to be administered by a private, non-profit entity for tobacco prevention and control (i.e., reducing cigarette smoking and tobacco use among youth and adults through education and enforcement activities and controlling and preventing chronic diseases where tobacco use is a risk factor), the Advisory Board overseeing this trust are limited to spending only the income for these purposes, the principal must remain in the trust fund; (4) thirty-five percent (35%) is allocated to the Department of
