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2001 SESSION

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HB 2181 Tobacco Indemnification & Community Revitalization Fund.

Introduced by: Allen W. Dudley | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Tobacco Indemnification and Community Revitalization Commission; administration of indemnification and economic development payments. Provides that payments made to tobacco farmers from the Tobacco Indemnification and Community Revitalization Fund (Fund) shall not be transferable or assignable, except in certain circumstances. The bill also (i) prohibits grants, loans or other distributions paid from the Fund to promote economic growth and development from being subject to execution, levy, attachment, garnishment or other legal process, (ii) authorizes the Commission to recover payments erroneously made from the Fund, (iii) provides time limitations regarding applications for indemnification payments, and (iv) adds confidentiality provisions relating to certain personal and financial information provided to the Tobacco Indemnification and Community Revitalization Commission. The bill has an emergency enactment clause.


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