§ 435a - Tobacco litigation settlement fund - Vermont Statutes

§ 435a. Tobacco litigation settlement fund

(a) A tobacco litigation settlement fund shall be established in the state treasury, separate from the general fund and any other fund, for the support of tobacco use prevention, cessation and control, and for other health care purposes.

(b) Into the fund shall be deposited all monies received by the state in connection with the Master Tobacco Settlement Agreement between members of the tobacco industry and the state approved by the Vermont superior court on December 14, 1998 and finalized in Vermont on January 13, 1999, and any interest that accrues on the balance of such monies.

(c) Of the balance in the tobacco litigation settlement fund, $19,200,000.00 is hereby reserved for the sole purpose of long-term sustainable tobacco education, prevention, cessation and control programs and the trust fund proposal developed in accordance with subdivision (a)(4)(A)(iii) of No. 62 of the laws of 1999. (Added 1999, No. 62, § 275a.)