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2001 SESSION

• | print version

HB 2851 Tobacco Indemnification and Community Revitalization Endowment.

Introduced by: Terry G. Kilgore | 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

• 01/19/01  House: Presented & ordered printed 013225816  pdf | impact statement

HISTORY

• 01/19/01  House: Presented & ordered printed 013225816
• 01/19/01  House: Referred to Committee on Finance
• 01/31/01  House: Tabled in Finance (23-Y 0-N)