§ 92-x. Tobacco settlement fund. 1. There is hereby established in the\nsole custody of the comptroller a special fund, to be known as the\n"tobacco settlement fund".\n 2. Such fund shall consist of moneys received by the state, as a\nresult of the settlement of litigation in the case of State of New York\nand Dennis C. Vacco v. Philip Morris, Incorporated, et al. (Supreme\nCourt, New York County, Index No. 400361/97), pursuant to the escrow\narrangement provided in the master settlement agreement entered into by,\ninter alia, the Attorney General of the State of New York and the\nTobacco Industry, on November 23, 1998. All monies shall remain in such\nfund unless otherwise directed by statute.\n
N.Y. State Fin. Law § 92-x
Tobacco settlement fund
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.