Adopted

AMENDMENT NO 2 PROPOSED TO

Cmte Sub for House Bill No. 1070

BY: Representative Watson

     AMEND by inserting the following language after line 57:

          "(g)  Subsequent participating manufacturer" means a manufacturer of cigarettes that is a subsequent participating manufacturer as defined in the Master Settlement Agreement."

     AMEND further on line 58 by striking the word "There" and inserting the language "Except as otherwise provided in this section, there"

     AMEND further by inserting the following language after line 92:

     (3)  (a)  The fee imposed under this section shall not apply to a subsequent participating manufacturer until both of the following have occurred:  (1) a final and binding agreement between that subsequent participating manufacturer and the settling states to the Master Settlement Agreement providing such subsequent participating manufacturer with a credit to its Master Settlement Agreement payments for payments made to Mississippi under this section has become effective and (2) the Mississippi Attorney General has received notice from the subsequent participating manufacturer and the National Association of Attorney General, as representative of the settling states, that an agreement acceptable to both side has been reached.  This subsection (3) shall not apply to any subsequent participating manufacturer that as of the effective date of this act already has an agreement with the settling states (as defined in the Master Settlement Agreement) with respect to a credit.

          (b)  This subsection (3) shall stand repealed from and after July 1, 2007.

     AMEND further title to conform.