SB 97 – Modifies the formula for determining how much money certain tobacco product manufacturers who are not participating in the Tobacco Master Settlement Agreement receive back from escrow funds

• Sponsor: Schaefer
• LR Number: 0765S.01I
• Committee: General Laws
• Last Action: 1/17/2013 - Second Read and Referred S General Laws Committee
• Journal Page: S102
• Effective Date: August 28, 2013

Current Bill Summary

SB 97 - This act modifies the formula for determining how much money a tobacco product manufacturer who does not participate in the Master Settlement Agreement will receive back from the escrow fund in which the manufacturer is required to deposit money from the sale of cigarettes.

This act has an emergency clause.

This act is identical to HB 978 (2013), SB 629 (2012), SB 375 (2011) and HB 491 (2011).

MIKE HAMMANN