| LAWS OF THE 2001 REGULAR SESSION OF THE SEVENTY-NINTH GENERAL ASSEMBLY OF THE STATE OF IOWA |
Section 1. Section 453C.1, subsection 4, paragraph c, unnumbered paragraph 2, Code 2001, is amended to read as follows:
The term "cigarette" includes "roll-your-own" tobacco, meaning tobacco which, because of its appearance, type, packaging, or labeling, is suitable for use and likely to be offered to, or purchased by, consumers as tobacco for making cigarettes. For purposes of this definition of "cigarette", 0.09 ounces of "roll-your-own" tobacco shall constitute one individual "cigarette".
Sec. 2. Section 453C.1, subsection 9, paragraph a, Code 2001, is amended to read as follows:
a. Manufactures cigarettes anywhere that such manufacturer intends to be sold in the United States,
including cigarettes intended to be sold in the United States through an
importer,
(except where such importer is
an original participating manufacturer, as that term is defined in the master settlement agreement, that will
be responsible for the payments under the master settlement agreement with respect to such cigarettes as a
result of the provisions of subsection II(mm) of the master settlement agreement and that pays the taxes specified
in subsection II(z) of the master settlement agreement and provided that the manufacturer of such cigarettes
does not market or advertise such cigarettes in the United
States).
Sec. 3. Section 453C.2, subsection 2, paragraph b, subparagraph (1), Code 2001, is amended to read as follows:
(1) To pay a judgment or settlement on any released claim brought against such tobacco product manufacturer by the state or any releasing party located or residing in the state. Funds shall be released from escrow, under this subparagraph (1), (a) in the order in which they were placed into escrow and (b) only to the extent and at the time necessary to make payments required under such judgment or settlement.
Sec. 4. EFFECTIVE DATE. This Act, being deemed of immediate importance, takes effect upon enactment.
Approved March 30, 2001
Updated: 24-Oct-2001 02:13 PM
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