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This entry was published on 2014-09-22
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Tobacco settlement fund
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 92-x. Tobacco settlement fund. 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.