Conn. Gen. Stat. § 4-28s
This is the official text of Conn. Gen. Stat. § 4-28s, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 4-28s. Regulation of certain cigarette manufacturers under tobacco settlement agreements: Assignment of escrow funds to the state.
Official statutory text
(b) Any funds assigned to the state pursuant to subsection (a) of this section shall be deposited in the Tobacco and Health Trust Fund created in section 4-28f .
(c) Any financial institution in which a qualified escrow fund is maintained for which an assignment of funds has been executed pursuant to subsection (a) of this section may file a petition in the Superior Court for an order authorizing a transfer of funds in such qualified escrow fund to the Tobacco and Health Trust Fund. The petition shall state the factual and legal basis for the relief sought. The financial institution shall serve the petition on the Attorney General at the time the petition is filed in the Superior Court.
(d) Nothing in this section shall be construed to (1) waive the right of the state to bring a claim against a tobacco product manufacturer under section 4-28j , or (2) relieve a tobacco product manufacturer from any past, current or future obligations such manufacturer may have pursuant to chapter 47. Any funds assigned to the state pursuant to subsection (a) of this section shall be credited on a dollar-for-dollar basis against any judgment or settlement applicable to the escrow obligation the assigned funds were initially deposited to satisfy.
(c) Any financial institution in which a qualified escrow fund is maintained for which an assignment of funds has been executed pursuant to subsection (a) of this section may file a petition in the Superior Court for an order authorizing a transfer of funds in such qualified escrow fund to the Tobacco and Health Trust Fund. The petition shall state the factual and legal basis for the relief sought. The financial institution shall serve the petition on the Attorney General at the time the petition is filed in the Superior Court.
(d) Nothing in this section shall be construed to (1) waive the right of the state to bring a claim against a tobacco product manufacturer under section 4-28j , or (2) relieve a tobacco product manufacturer from any past, current or future obligations such manufacturer may have pursuant to chapter 47. Any funds assigned to the state pursuant to subsection (a) of this section shall be credited on a dollar-for-dollar basis against any judgment or settlement applicable to the escrow obligation the assigned funds were initially deposited to satisfy.
Status: in_force · Read it on the official government site
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