§ 43.340.010. Definitions
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1) "Authority" means the tobacco settlement authority created in this chapter.
(2) "Board" means the governing board of the authority.
(3) "Bonds" means bonds, notes, and other obligations and financing arrangements issued or entered into by the authority under this chapter.
(4) "Master settlement agreement" means the national master settlement agreement and related documents entered into on November 23, 1998, by the state and the four principal United States tobacco product manufacturers, as amended and supplemented, for the settlement of litigation brought by the state against the tobacco product manufacturers.
(5) "Sales agreement" means any agreement authorized under this chapter in which the state provides for the sale to the authority of a portion of the payments required to be made by tobacco product manufacturers to the state and the state's rights to receive such payments, pursuant to the master settlement agreement.
[2002 c 365 § 2.]
Sections: Previous 43.340.005 43.340.010 43.340.020 43.340.030 43.340.040 43.340.050 43.340.060 43.340.070 43.340.080 43.340.090 43.340.100 43.340.110 43.340.120 43.340.130 43.340.900 NextLast modified: April 7, 2009