Tobacco Master Settlement Agreement; bond requirements and escrow payments by certain manufacturers. (SB1268)
Introduced By
Sen. Steve Martin (R-Chesterfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Tobacco Master Settlement Agreement; bond requirements; escrow payments by certain manufacturers. Requires that the bond posted by manufacturers for inclusion in the Directory be equal to the greater of $50,000 or the escrow amount the manufacturer was required to deposit based on its highest calendar year's sales in Virginia. Under current law, the bond amount to be posted is the greater of $50,000 or the escrow amount the manufacturer was required to deposit based on its previous calendar year's sales in Virginia. The bill also adds nonparticipating manufacturers that have been designated by the Attorney General as an elevated risk to the list of those manufacturers that may be required to make escrow payments on a quarterly rather than an annual basis. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11103868D |
01/12/2011 | Referred to Committee on Agriculture, Conservation and Natural Resources |
01/24/2011 | Rereferred from Agriculture, Conservation and Natural Resources (13-Y 0-N) (see vote tally) |
01/24/2011 | Rereferred to Courts of Justice |
01/25/2011 | Assigned Courts sub: Civil |
01/31/2011 | Reported from Courts of Justice (15-Y 0-N) (see vote tally) |
02/01/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/02/2011 | Passed by for the day |
02/03/2011 | Read second time and engrossed |
02/04/2011 | Read third time and passed Senate (37-Y 0-N) (see vote tally) |
02/07/2011 | Placed on Calendar |
02/07/2011 | Read first time |
02/07/2011 | Referred to Committee on Militia, Police and Public Safety |
02/08/2011 | Placed on Calendar |
02/08/2011 | Read first time |
02/08/2011 | Referred to Committee on Agriculture, Chesapeake and Natural Resources |
02/16/2011 | Reported from Agriculture, Chesapeake and Natural Resources (21-Y 0-N) (see vote tally) |
02/17/2011 | Read second time |
02/18/2011 | Read third time |
02/18/2011 | Passed House BLOCK VOTE (95-Y 0-N) |
02/18/2011 | VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally) |
02/24/2011 | Enrolled |
02/24/2011 | Bill text as passed Senate and House (SB1268ER) |
02/24/2011 | Signed by Speaker |
02/24/2011 | Signed by President |
03/08/2011 | Impact statement from DPB (SB1268ER) |
03/18/2011 | G Approved by Governor-Chapter 297 (effective 7/1/11) |
03/18/2011 | G Acts of Assembly Chapter text (CHAP0297) |