Tobacco Settlement Endowment Trust; Board of Directors; providing appointees serve at the pleasure of their appointing authority.

The bill title was changed from 'Proposed Committee Substitute' to 'Committee Substitute' to reflect the current stage of the legislative process.

Two new sponsors, Hall and Haste of the Senate, were added to the list of bill sponsors.

The bill's internal tracking number was updated from 13706 to 13816, and the associated date was changed from May 15 to May 19.

Added a new Section 2 declaring an emergency, which allows the bill to take effect immediately upon passage and approval instead of waiting for the next fiscal year.

Added a subject line 'Tobacco Settlement Endowment Trust' to provide a clear summary of the bill's topic.

Changed the document status from 'Engrossed' (a version ready for final review) to 'Enrolled' (the final version prepared for the Governor's signature), including the addition of dates and signature lines for the House, Senate, and Governor.

The bill title and subject matter changed from 'Budget and Finance Act of 2025' to 'Tobacco Settlement Endowment Trust'.

New requirements were added stating that Board members receive no salary and only necessary travel expenses.

New provisions establish that Board members serve at the pleasure of their appointing authority rather than fixed terms.

New rules were added for staggering Board terms and limiting chair elections to two consecutive years.