§ 10. Termination


Latest version.
  • In the event any participating jurisdiction decides, by resolution, to terminate its participation in the board, notice to the board shall be given sixty (60) days prior to its date of termination. It shall receive within thirty (30) days of its date of termination its pro-rata share of receipts and administrative reserve. The pro-rata share shall be based on the number of taxable packs of cigarettes sold within the jurisdiction as determined by the receipts of the month next preceding adoption of the termination agreement. The representative of such terminating jurisdiction shall not serve on the board beyond the termination date; neither shall such jurisdiction be contracted with for the provision of services.