HB 2363 Summary

• Amends 68 O.S. 2011, Section 360.9 to establish bonding requirements for nonparticipating tobacco manufacturers seeking inclusion in the Oklahoma Tobacco Directory.

• Requires manufacturers to post bonds of $50,000 or 50% of required escrow (whichever is greater) if newly listed, previously removed for noncompliance, or deemed to pose elevated risk of noncompliance with tobacco laws.

• Defines conditions triggering elevated risk status, including prior removal from other state directories, litigation for escrow violations, or criminal charges related to contraband cigarette trafficking.

• Establishes new Section 360.10 authorizing the Attorney General to require wholesalers and distributors to file monthly sales reports by brand, including inventory information and tribal sales, with electronic filing required.

• Becomes effective November 1, 2014, and permits monthly reports to satisfy Section 360.6 reporting requirements.