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2001 SESSION
HB 2808 Tobacco Indemnification and Community Revitalization Endowment.
Introduced by: William W. (Ted) Bennett, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Securitization of payments under the Master Settlement Agreement. Requires the Governor to sell 50 percent of the revenues derived from the Master Settlement Agreement. Proceeds from the sale shall be deposited into the Tobacco Indemnification and Community Revitalization Endowment fund. The income of the Endowment and five percent of the corpus of the Endowment shall be paid annually to the Tobacco Indemnification and Community Revitalization Fund.
FULL TEXT
HISTORY
- 01/19/01 House: Presented & ordered printed 012882632
- 01/19/01 House: Referred to Committee on Finance
- 01/31/01 House: Tabled in Finance (14-Y 9-N)