SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2006 SESSION

  • | print version

HB 980 Master Settlement Agreement; assignment of escrow funds to nonparticipating manufacturer.

Introduced by: Clarke N. Hogan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Escrow payments on sale of certain tobacco products.  Requires the Attorney General to provide nonparticipating tobacco product manufacturers with information regarding the sale of their cigarettes in the Commonwealth in order to facilitate full and accurate escrow payments by such manufacturers. It also requires quarterly escrow payments, rather than annual, by nonparticipating tobacco product manufacturers that (i) are new to the market, (ii) default on any Master Settlement Agreement provisions, or (iii) as determined by the Attorney General, pose a risk of not making their escrow payments in the future.


FULL TEXT

HISTORY