The state treasurer shall deposit in the tobacco settlement permanent fund all amounts distributed to the state pursuant to the master settlement agreement entered into between tobacco product manufacturers and various states, including New Mexico, and executed November 23, 1998 or any money released to the state from a qualified escrow fund or otherwise paid to the state as authorized under the model state statute, Sections 6-4-12 and 6-4-13 NMSA 1978, enacted pursuant to the master settlement agreement.
§ 6-4-11 NMSA 1978
Tobacco settlement distributions to state; transfer to tobacco settlement permanent fund
Known as the Tobacco Escrow Fund Act
The act spans §§ 6–6 (54 sections).
Laws 1999, ch. 207, § 3; 2000 (2nd S.S.), ch. 9, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.