SENATE BILL 305

Sponsored By:

Senators Green and Forehand

Entitled:

Tobacco Product Manufacturers - Settlement of State Claims - Nonparticipating Manufacturers - Deposits of Funds in Escrow - Model Statute

Synopsis:

Enacting the model statute provided by the Master Settlement Agreement between the State of Maryland and certain U.S. tobacco product manufacturers to create a reserve fund for a certain purpose for those manufacturers who do not enter into the settlement; requiring tobacco product manufacturers that sell cigarettes to consumers in the State either to become a participant in the settlement agreement or to deposit certain amounts of funds into escrow accounts in certain financial institutions for certain years; etc.

History by Legislative Date

Senate Action

2/5

First Reading Judicial Proceedings

2/10

Hearing 3/4 at 1:00 p.m.

2/11

Hearing cancelled

Hearing 2/17 at 1:00 p.m.

3/16

Favorable with Amendments Report by Judicial Proceedings

3/17

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/19

Third Reading Passed (42-1)

4/1

Return Passed

4/27

Signed by the Governor Chapter 169

House Action

3/19

First Reading Environmental Matters

3/24

Hearing 3/30 at 1:00 p.m.

3/31

Favorable Report by Environmental Matters

3/29

Favorable Report Adopted

Second Reading Passed

3/30

Third Reading Passed (122-16)

Sponsored by:

Senator Leo E. Green, District 23

Senator Jennie M. Forehand, District 17

Bill indexed under the following Subjects:

ATTORNEY GENERAL

CIGARETTES -see also- SMOKING

CIVIL ACTIONS -see also- SMALL CLAIMS

ESCROW ACCOUNTS

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U

JUDGMENTS

PENALTIES

REPORTS -see also- RECORDS

TOBACCO

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 498062/2 (PDF)     Offered on: March 17, 1999   at: 11:36 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 19, 1999: Third Reading Passed (42-1)

House

March 30, 1999: Third Reading Passed (122-16)