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2011 SESSION
SB 1268 Tobacco Master Settlement Agreement; bond requirements and escrow payments by certain manufacturers.
Introduced by: Stephen H. Martin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Tobacco Master Settlement Agreement; bond requirements; escrow payments by certain manufacturers. Requires that the bond posted by manufacturers for inclusion in the Directory be equal to the greater of $50,000 or the escrow amount the manufacturer was required to deposit based on its highest calendar year's sales in Virginia. Under current law, the bond amount to be posted is the greater of $50,000 or the escrow amount the manufacturer was required to deposit based on its previous calendar year's sales in Virginia. The bill also adds nonparticipating manufacturers that have been designated by the Attorney General as an elevated risk to the list of those manufacturers that may be required to make escrow payments on a quarterly rather than an annual basis.
FULL TEXT
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103868D pdf
- 02/24/11 Senate: Bill text as passed Senate and House (SB1268ER) pdf | impact statement
- 03/18/11 Governor: Acts of Assembly Chapter text (CHAP0297) pdf
HISTORY
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103868D
- 01/12/11 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 01/24/11 Senate: Rereferred from Agriculture, Conservation and Natural Resources (13-Y 0-N)
- 01/24/11 Senate: Rereferred to Courts of Justice
- 01/25/11 Senate: Assigned Courts sub: Civil
- 01/31/11 Senate: Reported from Courts of Justice (15-Y 0-N)
- 02/01/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/02/11 Senate: Passed by for the day
- 02/03/11 Senate: Read second time and engrossed
- 02/04/11 Senate: Read third time and passed Senate (37-Y 0-N)
- 02/08/11 House: Placed on Calendar
- 02/08/11 House: Read first time
- 02/08/11 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/16/11 House: Reported from Agriculture, Chesapeake and Natural Resources (21-Y 0-N)
- 02/17/11 House: Read second time
- 02/18/11 House: Read third time
- 02/18/11 House: Passed House BLOCK VOTE (95-Y 0-N)
- 02/18/11 House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
- 02/24/11 Senate: Enrolled
- 02/24/11 Senate: Bill text as passed Senate and House (SB1268ER)
- 02/24/11 House: Signed by Speaker
- 02/24/11 Senate: Signed by President
- 03/18/11 Governor: Approved by Governor-Chapter 297 (effective 7/1/11)
- 03/18/11 Governor: Acts of Assembly Chapter text (CHAP0297)