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Measure Details

Louisiana TOPS Scholarship Program Amendment

Louisiana Ballot Measure - Act 423

Yes
672,429
(69.6%)

No
293,759
(30.4%)

Summary

Constitutional amendment to provide that once the balance in the Millennium Trust reaches $1.38 billion, 100% of the annual Tobacco Settlement Proceeds shall be dedicated to the TOPS program.

Measure Text


    Be it further resolved that on the official ballot to be used at said election there shall be printed a proposition, upon which the electors of the state shall be permitted to vote FOR or AGAINST, to amend the Constitution of Louisiana, which proposition shall read as follows:

    To dedicate funds for the TOPS program relative to the portion of the monies deposited in and credited to the Millennium Trust each year from the Tobacco Master Settlement, to provide that once the balance in the Millennium Trust reaches a total of one billion three hundred eighty million dollars, one hundred percent of the annual Settlement Proceeds shall be allocated to the TOPS Fund to support state programs of financial assistance for students attending Louisiana postsecondary education institutions; to provide relative to the rate of tax on certain tobacco products and beginning July 1, 2012, to dedicate such tobacco revenues to the Health Excellence Fund to be used for the purposes of the fund, including providing for the optimal development of Louisiana's children through the provision of appropriate health care and providing health care initiatives through innovation in advanced health care sciences; to provide for the deposit, transfer, or credit of certain monies in the Millennium Trust to the Health Excellence Fund, the Education Excellence Fund, and the TOPS Fund.

    (Amends Article VII, Section 10.8(A)(1)(c), (A)(2), (3), and (4), and (C)(1) and adds Article VII, Section 4.1)

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