                                 CODE OF VIRGINIA

DEFINITIONS (§ 3.2-3100)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Active tobacco producer&#8221; means a person actively engaged in
planting, growing, harvesting, and marketing of flue-cured or burley tobacco, or
who shares in the variable expenses of producing the crop.
		&#8220;Agreement&#8221; means the agreement or agreements between the
Commonwealth, as seller of the Tobacco Assets, and the Corporation, as purchaser
of the Tobacco Assets. The sale by the Commonwealth of the Tobacco Assets
pursuant to any such agreement shall be a true sale and not a borrowing.
		&#8220;Commission&#8221; means the Tobacco Region Revitalization Commission
created pursuant to § 3.2-3101.
		&#8220;Commission Allocation&#8221; means 50 percent of the annual amount
received under the Master Settlement Agreement by the Commonwealth, or that
would have been received but for a sale of such allocation pursuant to an
agreement, between the commencing and ending dates specified in the agreement.
		&#8220;Corporation&#8221; means the Tobacco Settlement Financing Corporation
as created under state law.
		&#8220;Endowment&#8221; means the Tobacco Indemnification and Community
Revitalization Endowment established pursuant to § 3.2-3104.
		&#8220;Fund&#8221; means the Tobacco Indemnification and Community
Revitalization Fund established pursuant to § 3.2-3106.
		&#8220;Master Settlement Agreement&#8221; means the settlement agreement and
related documents between the Commonwealth and leading United States tobacco
product manufacturers dated November 23, 1998, and including the Consent Decree
and Final Judgment entered in the Circuit Court of the City of Richmond on
February 23, 1999, Chancery Number HJ-2241-4.
		&#8220;Period of sale&#8221; means the time during which a purchaser under an
agreement is entitled to receive the Commission Allocation.
		&#8220;Strategic Plan&#8221; means the strategic plan required pursuant to
subsection C of § 3.2-3103.
		&#8220;Tobacco Assets&#8221; means all right, title, and interest in and to
the portion of the Commission Allocation that may be sold to the Corporation.

HISTORY: 1999, cc. 880, 962, § 9-380; 2001, cc. 807, 844, § 3.1-1106; 2002,
cc. 482, 488; 2008, c. 860; 2015, cc. 399, 433.