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2001 SESSION

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Senate Committee Docket

Finance

Chairman: John H. Chichester

Clerk: F. Kenneth Moore

Date of Meeting: Thursday, January 11, 2001

Time and Place: 4:00 p.m. - Senate Room B

S.B. 841

A BILL to create and empower the Tobacco Settlement Financing Corporation as an independent public corporation authorized to acquire from the Commonwealth its allocation of the tobacco settlement payments received from the Master Tobacco Settlement Agreement, entered into by forty-six states and the major tobacco manufacturers.

017116208

Patron: Hawkins

Sub-Committee:

S.B. 842

A BILL to amend and reenact §§ 9-380, 9-385, 32.1-354 and 32.1-360 of the Code of Virginia and to amend the Code of Virginia by adding in Title 2.1 a chapter numbered 56, consisting of sections numbered 2.1-820 through 2.1-824 and by adding sections numbered 9-383.1 and 32.1-360.1, the amended and added sections providing for the custody, investment and disbursement of the proceeds of any sale of the allocation to the Commonwealth of Virginia pursuant to the Tobacco Master Settlement Agreement by the creation and application of the Higher Education and Economic Development Trust Fund, the Virginia Tobacco Indemnification and Community Revitalization Endowment and the Virginia Tobacco Settlement Foundation Endowment.

017120208

Patron: Hawkins

Sub-Committee: