Oklahoma Tobacco Settlement Endowment Trust (TSET)

A constitutionally created board charged with overseeing billions of taxpayer dollars plans to sue to block a new law that allows state leaders to alter its makeup at any time.

Republicans are moving forward with legislation to restructure a voter-approved state board that oversees a multi-billion dollar trust after it didn't immediately allocate $50 million to pay for a new University of Oklahoma hospital, Democrat lawmakers said.