Illinois HB1582 amends the Tobacco Products Manufacturers' Escrow Enforcement Act of 2003 to adjust escrow fund requirements for tobacco product.
Illinois HB1582 modifies the Tobacco Products Manufacturers' Escrow Enforcement Act of 2003 by setting specific annual escrow fund requirements for tobacco product manufacturers based on the number of units sold. It also allows manufacturers to assign their interest in escrow funds to the State, with the Attorney General's approval. The bill outlines procedures for releasing funds from escrow, including paying judgments, settlements, and costs related to violations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.