| SB 1203 | Modifies release of escrow funds for non-participating tobacco manufacturers |
| Sponsor: | Klindt | |||
| LR Number: | 4464S.01I | Fiscal Note: | 4464-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 02/17/04 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2004 | |||
SB 1203 - This act modifies the amount of escrow funds that
may be released by tobacco manufacturers who do not participate
in the Master Settlement Agreement and are required to deposit a
certain amount of funds into an escrow fund. Such manufacturers
may have funds released from escrow to the extent that the funds
placed in escrow on account of units sold in this state in a
particular year are greater than the Master Settlement Agreement
payments that such manufacturer would have been required to make
if it had been a participating manufacturer.
JIM ERTLE