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Nebraska Quarterly Affirmance of Non-Participating Manufacturer Bond or Cash Equivalent

Category:
Nebraska Statewide - Attorney General Office
State:
Nebraska
Control #:
NE-SKU-0301
Format:
PDF
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Description

Quarterly Affirmance of Non-Participating Manufacturer Bond or Cash Equivalent The Nebraska Quarterly Affiance of Non-Participating Manufacturer Bond or Cash Equivalent (NUANCE) is a form of financial security that is required by the state of Nebraska for all manufacturers who do not participate in the tobacco master settlement agreement (MSA). The NUANCE is a financial instrument that is designed to ensure that Nebraska receives the funds it is owed in the event of non-participation or non-compliance with the terms of the MSA. The Nebraska Department of Revenue requires that all non-participating manufacturers post a bond or cash equivalent in the amount of one quarter of their estimated annual tobacco settlement payments to the state. The bond or cash equivalent must be renewed and affirmed on a quarterly basis. The types of Nebraska Quarterly Affiance of Non-Participating Manufacturer Bond or Cash Equivalent are: Surety Bond, Cash, Letter of Credit, and Certificate of Deposit.

The Nebraska Quarterly Affiance of Non-Participating Manufacturer Bond or Cash Equivalent (NUANCE) is a form of financial security that is required by the state of Nebraska for all manufacturers who do not participate in the tobacco master settlement agreement (MSA). The NUANCE is a financial instrument that is designed to ensure that Nebraska receives the funds it is owed in the event of non-participation or non-compliance with the terms of the MSA. The Nebraska Department of Revenue requires that all non-participating manufacturers post a bond or cash equivalent in the amount of one quarter of their estimated annual tobacco settlement payments to the state. The bond or cash equivalent must be renewed and affirmed on a quarterly basis. The types of Nebraska Quarterly Affiance of Non-Participating Manufacturer Bond or Cash Equivalent are: Surety Bond, Cash, Letter of Credit, and Certificate of Deposit.

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