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TOBACCO PRODUCT MANUFACTURERS' ESCROW ACCOUNTS
Act 244 of 1999
AN ACT to require tobacco product manufacturers to place funds in escrow for medical expenses incurred by the state due to tobacco related illnesses; to establish a formula for determining the amount of the escrow; to establish the conditions for release of funds from escrow; to prescribe powers and duties of the attorney general; and to provide for civil penalties for violation of this act.
History: 1999, Act 244, Imd. Eff. Dec. 28, 1999
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 445.2052||Section||Tobacco product manufacturer; duties; escrow fund deposits; schedule; interest or other appreciation; release; certification of compliance; violation; applicability of subsection (7); assignment of rights; withdrawal of funds; severability.