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2002 Session

Budget Bill - HB29 (Chapter 814)

Central Appropriations

Item 545

Item 545 (Not set out)

First Year - FY2001Second Year - FY2002
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 $64,446,639FY2002 $79,039,921
Payments to the Virginia Tobacco Settlement Fund (74502)FY2001 $12,889,328FY2002 $15,807,984
Fund Sources:  
Trust and AgencyFY2001 $77,335,967FY2002 $94,847,905

Authority: Title 9 3.1, Chapter 50 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 § 9-385 3.1-1111, 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 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 fifty 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 47 Paragraph D and Item 281 Paragraph G of this act. These costs shall be paid pursuant to the transfer to the general fund directed by § 3.1-01, Paragraph AA 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 $12,889,328 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.


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, Item 47 Paragraph D and Item 281 Paragraph G of this act. These costs shall be paid pursuant to the transfer to the general fund directed by § 3.1-01, Paragraph BB, of this act.


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 12 of Title 2.1 2.2 of the Code of Virginia.