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HEARING - Consider recommendations regarding Tobacco Settlement Advisory Committee (TSAC) Funding for FY 2007-2008. (EST. TIME: 20 MIN.)
a) Conceptually approve the recommendations from TSAC for allocation of the FY 2007-08 tobacco settlement revenues (estimated at $3,793,248) and a loan from the endowment in the amount of $908,199 for a total of $4,701,447. Final approval of tobacco settlement funding recommendations and use of endowment funding will be made by the Board during the budget hearings for FY 2007-08.;
b) Receive a recommendation to decrease funding proportionately for allocations recommended in the event that the tobacco settlement funding received for FY 2007-08 is less than $3,793,248; and
c) Receive a recommendation to allocate into the tobacco settlement endowment any funding received above projected amounts or any unexpended funding.
COUNTY EXECUTIVE OFFICER'S RECOMMENDATION: APPROVE
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