6-4-11. Tobacco settlement distributions to state; transfer to
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/nm/chapter-6-public-finances/article-4-state-funds-and-capital-programs/6-4-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
tobacco settlement permanent fund.
The state treasurer shall deposit in the tobacco settlement permanent fund all amounts distributed to the state pursuant to the master settlement agreement entered into between tobacco product manufacturers and various states, including New Mexico, and executed November 23, 1998 or any money released to the state from a qualified escrow fund or otherwise paid to the state as authorized under the model state statute, Sections 6-4-12 and 6-4-13 NMSA 1978, enacted pursuant to the master settlement agreement.
History: Laws 1999, ch. 207, § 3; 2000 (2nd S.S.), ch. 9, § 3.