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Section 6-4-11 - Tobacco settlement distributions to state; transfer to tobacco settlement permanent fund.

NM Stat § 6-4-11 (2019) (N/A)
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The state treasurer shall deposit in the tobacco settlement permanent fund all amounts distributed to the state pursuant to the master settlement agreement entered into between tobacco product manufacturers and various states, including New Mexico, and executed November 23, 1998 or any money released to the state from a qualified escrow fund or otherwise paid to the state as authorized under the model state statute, Sections 6-4-12 and 6-4-13 NMSA 1978, enacted pursuant to the master settlement agreement.

History: Laws 1999, ch. 207, § 3; 2000 (2nd S.S.), ch. 9, § 3.

The 2000 amendment, effective April 12, 2000, inserted "any money released to the state" preceding "1998" and substituted "or otherwise paid to the state as authorized under the model state statute, Sections 6-4-12 and 6-4-13 NMSA 1978" for "authorized by a qualifying state statute".

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Section 6-4-10 - Tobacco settlement program fund created; purpose.
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Section 6-4-12 - Definitions.