SB 1203 - Klindt, David
Modifies release of escrow funds for non-participating tobacco manufacturers
Bill Details
Sponsor
LR Number
4464S.01I
Title
SB 1203
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2004
Committee
Current Status
Hearing Conducted S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
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