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2005 SESSION
SB 1202 Master Settlement Agreement; release of escrow funds to certain cigarette manufacturers.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Master Settlement Agreement; release of escrow of funds. Implements uniform language concerning the release of escrow funds to cigarette manufacturers that are not participating manufacturers under the Master Settlement Agreement. At the manufacturer's request, the new provisions will not be applied to those escrow funds associated with cigarettes sold prior to July 1, 2005, for which cigarettes the manufacturer places funds into escrow on or before April 15, 2006. This bill is identical to HB 2629.
SUMMARY AS INTRODUCED:
Master Settlement Agreement; release of escrow of funds. Implements uniform language concerning the release of escrow funds to cigarette manufacturers that are not participating manufacturers under the Master Settlement Agreement.