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Measures would change how TSET money is used

Aerial image of the Oklahoma State Capitol building in Oklahoma City. [Dave Morris/The Oklahoman]
Aerial image of the Oklahoma State Capitol building in Oklahoma City. [Dave Morris/The Oklahoman]

At least two measures moving through the Legislature seek to ask voters to make substantial changes to the state's Tobacco Settlement Endowment Trust.

Voters in 2000 created TSET and put the funds in a lockbox. The trust receives 75% of the state's annual payment from the 1998 master settlement agreement with tobacco companies.

The dollars are invested and the earnings are used to fund health programs. The principal of the trust currently is about $1.3 billion.

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