LD 1511
pg. 2
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LR 1992
Item 1

 
Sec. 2. 22 MRSA §1580-I, sub-§2, ķA, as enacted by PL 1999, c. 401, Pt.
U, §1 and affected by §2, is amended to read:

 
A. A tobacco product manufacturer that places funds into
escrow pursuant to this subsection shall receive the
interest or other appreciation on such funds as earned.
Such funds themselves shall must be released from escrow
only under the following circumstances--:

 
(1) to pay a judgment or settlement on any released
claim brought against such tobacco product manufacturer
by the State or any releasing party located or residing
in the State. Funds shall must be released from escrow
under this subparagraph:

 
(a) in the order in which they were placed into
escrow; and

 
(b) only to the extent and at the time necessary
to make payments required under such judgment or
settlement;

 
(2) to the extent that a tobacco product manufacturer
establishes that the amount it was required to place
into escrow on account of units sold in the State in a
particular year was greater than the State's allocable
share of the total payments that such manufacturer
would have been required to make in that year under the
Master Settlement Agreement (as determined pursuant to
section IX(i)(2) of the Master Settlement Agreement,
and before any of the adjustments or offsets described
in section IX(i)(3) of that Agreement other than the
Inflation Adjustment) the Master Settlement Agreement
payments, as determined pursuant to section IX(i) of
that agreement including after final determination of
all adjustments, that such manufacturer would have been
required to make an account of such units sold had it
been a participating manufacturer, the excess shall
must be released from escrow and revert back to such
tobacco product manufacturer.__If a court of competent
jurisdiction holds that this subparagraph is
unconstitutional, then this subparagraph is deemed
repealed; or

 
(2-A)__to the extent that a tobacco product manufacturer
establishes that the amount it was required to place into escrow
in a particular year was greater than the State's allocable share
of the total payments that such manufacturer would have been
required to make in that year under the Master


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