Code of Massachusetts Regulations
940 CMR - OFFICE OF THE ATTORNEY GENERAL
Title 940 CMR 24.00 - Tobacco Product Manufacturer Certifications
Section 24.08 - Quarterly Escrow Deposits
Universal Citation: 940 MA Code of Regs 940.24
Current through Register 1531, September 27, 2024
(1) The Attorney General shall consult with the Commissioner regarding whether an NPM must make its escrow deposits on a quarterly basis, pursuant to M.G.L. c. 94F s. 4(e), based on factors including the following:
(a)
Whether the NPM previously has timely and fully complied with M.G.L. c. 94E and
M.G.L. c. 94F, including the submission of TPM Certifications, the
establishment of a Qualified Escrow Fund, and the deposit of amounts
due;
(b) Whether the NPM has made
any escrow deposit in the past year;
(c) Whether the NPM has had more than 500,000
Units Sold during a previous calendar quarter; and
(d) Whether the Attorney General has reason
to believe that the NPM may not timely make its full required escrow deposit
after the end of the calendar year.
(2) The Attorney General may require the NPM to produce information sufficient to enable the Attorney General to determine the adequacy of the amount of such installment deposits. top of page
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