Ohios Tobacco Use Prevention and Cessation Trust Fund expects to create a list of finalists in its search for its first consultant. The $230 million fund issued a request for qualifications in late January and expects to complete the search soon. Proposals are no longer being accepted; a decision is forthcoming but no date has been set, said Matthew McAuliffe, chief of staff of the Ohio treasurers office, Columbus.
The state treasurers office is overseeing the hiring of the consultant, executive director for the fund, and staff. In addition, a list is being prepared of qualified managers to hire when the consultant search is completed. National City Bank was hired as custodian.
The fund, created as part of the states settlement with the tobacco industry, is projected to collect $1.26 billion in payments from the lawsuit by 2012.