§ 16-502. Purpose

Latest version.

(a) In general. -- Violations of the Escrow Act, an act concerning nonparticipating manufacturers and deposits of funds into escrow accounts, threaten the integrity of the tobacco Master Settlement Agreement, the fiscal soundness of the State, and the public health.

(b) Procedural enhancements. -- Enacting procedural enhancements will help prevent violations and aid the enforcement of the Escrow Act and thereby safeguard the Master Settlement Agreement, the fiscal soundness of the State, and the public health.

(c) Escrow Act not amended. -- The provisions of this subtitle are not intended to and may not be interpreted to amend the Escrow Act.

HISTORY: 2003, ch. 455.

                    
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