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2001 SESSION

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HB 1726 Tobacco Indemnification and Community Revitalization Endowment.

Introduced by: John H. Rust, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Higher Education and Economic Development Trust Fund. Provides for the custody, investment and disbursement of the proceeds of the sale of one-half the allocation to the Commonwealth of Virginia pursuant to the Tobacco Master Settlement Agreement by the creation and application of the Virginia Tobacco Indemnification and Community Revitalization Endowment.

SUMMARY AS INTRODUCED:

Higher Education and Economic Development Trust Fund. Provides 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 Endowment.