(Saint Paul) The state will no longer invest new pension money in tobacco and may divest itself of tobacco holdings ALL TOGETHER. The state board of investment passed the resolution on a 4-1 vote. . Minnesota Public Radio's Karen-Louise Boothe reports: Secretary of State Joan Growe rejected notions that the proposal was fueled more by politics than sound investment advice. She said that in light of the state's seven Billion dollar settlement with tobacco companies in the recent lawsuit, and a pending national tobacco settlement...tobacco stocks are too risky: Bite:4260 Governor Carlson voted against a similar resolution in September of 1996.