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2001 SESSION
SB 841 Tobacco Settlement Financing Corporation Act.
Introduced by: Charles R. Hawkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Tobacco Settlement Financing Corporation Act. Creates and empowers 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 46 states and the major tobacco manufacturers. Also permits issuance of tobacco bonds not deemed to constitute debt to the Commonwealth.
FULL TEXT
HISTORY
- 01/10/01 Senate: Presented & ordered printed, prefiled 12/20/00 017116208
- 01/10/01 Senate: Referred to Committee on Finance
- 01/11/01 Senate: Failed to report (defeated) in Finance (1-Y 15-N)