Source: https://budget.lis.virginia.gov/item/2005/1/HB1500/Introduced/1/502/
Timestamp: 2020-03-29 02:20:53
Document Index: 537022876

Matched Legal Cases: ['§ 3', '§ 3', '§ 3', '§ 3', '§ 3', '§ 32', '§ 32', '§ 32', '§ 3', '§ 3']

Item 502 (CA) Financial Assistance From Tobacco Settlement. HB1500 - Introduced
Bill Order » Central Appropriations » Item 502
a sum sufficient, estimated at $75,713,760 $76,662,113
Payments to the Tobacco Indemnification and Community Revitalization Fund (74501) FY2005 $63,094,800 FY2006 $63,885,094
Payments to the Virginia Tobacco Settlement Fund (74502) FY2005 $12,618,960 FY2006 $12,777,019
Trust and Agency FY2005 $75,713,760 FY2006 $76,662,113
Authority: Title 3.1, Chapter 11, and Title 32.1, Chapter 14, Code of Virginia
A.1. The State Comptroller shall deposit fifty percent of the Commonwealth’s Allocation pursuant to the Master Settlement Agreement with tobacco product manufacturers to the Tobacco Indemnification and Community Revitalization Fund, pursuant to § 3.1-1111, Code of Virginia. There is hereby appropriated a sum sufficient estimated at $63,094,800 the first year and $63,885,094 the second year from the available balances in the Fund for the purposes set forth in § 3.1-1109, Code of Virginia.
2. From the amount deposited into the Tobacco Indemnification and Community Revitalization Fund pursuant to § 3.1-1111, Code of Virginia, shall be paid 50 percent of the costs associated with the diligent enforcement of the non-participating manufacturer statute of the 1998 Tobacco Master Settlement Agreement, § 3.1-336.2, Code of Virginia, and Item 49 Paragraph B and Item 286 paragraph E of this act. These costs shall be paid pursuant to the transfer to the general fund directed by § 3.1-01, paragraph R, of this act.
B.1. The State Comptroller shall deposit ten percent of the Commonwealth’s Allocation pursuant to the Master Settlement Agreement with tobacco product manufacturers to the Virginia Tobacco Settlement Fund, pursuant to § 32.1-360, Code of Virginia. There is hereby appropriated a sum sufficient estimated at $12,618,960 the first year and $12,777,019 the second year from available balances in the Fund for the purposes set forth in § 32.1-361, Code of Virginia.
2. From the amount deposited into the Virginia Tobacco Settlement Fund pursuant to § 32.1-360, Code of Virginia, shall be paid ten percent of the costs associated with the diligent enforcement of the non-participating manufacturer statute of the 1998 Tobacco Master Settlement Agreement, § 3.1-336.2, Code of Virginia, and Item 49 paragraph B and Item 286 paragraph E of this act. These costs shall be paid pursuant to the transfer to the general fund directed by § 3.1-01, paragraph R, of this act.
D. Employees of the Tobacco Indemnification and Community Revitalization Commission and Virginia Tobacco Settlement Foundation shall be treated as state employees for purposes of participation in the Virginia Retirement System, health insurance, and all other employee benefits offered by the Commonwealth to its classified employees. Employees of the Commission and Foundation shall not be subject to the provisions of Chapter 29 of Title 2.2, Code of Virginia.
E. There is hereby appropriated to the Tobacco Indemnification and Community Revitalization Endowment all proceeds of any sale of the Commission Allocation pursuant to the provisions of Chapter 482 of the Acts of Assembly of 2002.