Florida Gov. Lawton Chiles and his cabinet are considering a resolution asking the state pension fund to request that tobacco companies it holds stock in adopt the same cigarette marketing and advertising restrictions as the Liggett Group.
The proposal asks the executive director of the nearly $52 billion Florida State Board of Administration, to ``convey to the board chairman and directors of tobacco corporations ... the concerns of this state concerning the enticing of minors to smoke tobacco and a demand that such firms'' voluntarily adopt the Liggett settlement.
The pension fund owned about 4 million shares in Philip Morris and about 1.1 million shares in RJR Nabisco Holdings as of March 19, according to Jason Montgomery, manager of corporate affairs.
The resolution may be voted on at the cabinet's next meeting April 9.