Section 92-X. Tobacco settlement fund  


Latest version.
  • 1. There is hereby established in the
      sole  custody  of  the  comptroller  a  special fund, to be known as the
      "tobacco settlement fund".
        2. Such fund shall consist of moneys  received  by  the  state,  as  a
      result  of the settlement of litigation in the case of State of New York
      and Dennis C. Vacco v. Philip  Morris,  Incorporated,  et  al.  (Supreme
      Court,  New  York  County,  Index No. 400361/97), pursuant to the escrow
      arrangement provided in the master settlement agreement entered into by,
      inter alia, the Attorney General of  the  State  of  New  York  and  the
      Tobacco  Industry, on November 23, 1998. All monies shall remain in such
      fund unless otherwise directed by statute.