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NRS 370A.140 - Participation in Master Settlement Agreement or deposits into qualified escrow fund required.

NV Rev Stat § 370A.140 (2019) (N/A)
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A manufacturer of tobacco products that sells cigarettes to consumers in this state, directly or through a distributor, retailer or similar intermediary or intermediaries, after May 24, 1999, shall do one of the following:

1. Become a participating manufacturer and generally perform its financial obligations under the Master Settlement Agreement; or

2. Deposit into a qualified escrow fund, on or before April 15 of the year following the year in question, the following amounts as such amounts are adjusted for inflation:

(a) For the year 1999, $0.0094241 for each unit sold after May 24, 1999;

(b) For the year 2000, $0.0104712 for each unit sold;

(c) For each of the years 2001 and 2002, $0.0136125 for each unit sold;

(d) For each of the years 2003 through 2006, $0.0167539 for each unit sold; and

(e) For each of the year 2007 and each year thereafter, $0.0188482 for each unit sold.

(Added to NRS by 1999, 1108)

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NRS 370A.150 - Deposits into escrow: Disposition of interest; release of principal. [Effective until the date upon which a court of competent jurisdiction enters a judgment determining that subsection 2 of this section is unconstitutional.]