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ACT NO. 130

(H.636)

Tobacco; Nonparticipating Manufacturers

This act creates a qualified escrow fund for tobacco manufacturers not participating in the tobacco Master Settlement Agreement. This act requires that nonparticipating manufacturers establish a reserve fund to guarantee a source of compensation, and to prevent those manufacturers from deriving large, short-term profits and then become judgment-proof before liability may arise.

Effective Date: May 12, 2000