Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 9801. Definitions

The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Account.”  The Tobacco Revenue Bond Debt Service Account established in section 2805.   1

“Annual payment.”  A payment received by the Commonwealth under section IX(c)(1) of the Master Settlement Agreement.   2

“Authority.”  The Commonwealth Financing Authority established under 64 Pa.C.S. Ch. 15 (relating to Commonwealth Financing Authority).

“Executive director.”  The executive director of the Commonwealth Financing Authority.

“Finance.”  The issuance of revenue bonds utilizing a portion of annual payments due to the Commonwealth under the Master Settlement Agreement.

“Fund.”  The Tobacco Settlement Fund.

“Master Settlement Agreement.”  The settlement agreement and related documents entered into on November 23, 1998, by the Commonwealth and leading United States tobacco product manufacturers approved by the Court of Common Pleas, Philadelphia County, on January 13, 1999.

“Office.”  The Governor's Office of the Budget.

“Sales agreement.”  A written contract entered into under section 2803.1   3 under which a portion of the revenue the Commonwealth will receive under the Master Settlement Agreement is sold.

“Secretary.”  The Secretary of the Budget of the Commonwealth.

“Tobacco Settlement Act.”  The act of June 26, 2001 (P.L. 755, No. 77),   4 known as the Tobacco Settlement Act.