Item 545 | First Year - FY2001 | Second Year - FY2002 |
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Financial Assistance From Tobacco Settlement (74500)
a sum sufficient, estimated at | $77,335,967 | $94,847,905 |
| Payments to the Tobacco Indemnification and Community Revitalization Fund (74501) | FY2001 $64,446,639 | FY2002 $79,039,921 |
| Payments to the Virginia Tobacco Settlement Fund (74502) | FY2001 $12,889,328 | FY2002 $15,807,984 |
| Fund Sources: | | |
| Trust and Agency | FY2001 $77,335,967 | FY2002 $94,847,905 |
Authority: Title 9, Chapter 50, and Title 32.1, Chapter 14, Code of Virginia
A. 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 § 9-385, Code of Virginia. There is hereby appropriated a sum sufficient estimated at $64,446,639 the first year and $79,039,921 the second year from the available balances in the Fund for the purposes set forth in § 9-383, Code of Virginia.
B. 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 $12,889,328 the first year and $15,807,984 the second year from available balances in the Fund for the purposes set forth in § 32.1-361, Code of Virginia.
C. The amounts deposited by the State Comptroller pursuant to the preceding paragraphs A and B shall be included in the general fund revenue calculations for purposes of subsection C of § 58.1-3524 and subsection B of § 58.1-3536, Code of Virginia.
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 10 of Title 2.1 of the Code of Virginia.