Tobacco Settlement: States’ Allocations of Fiscal

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Tobacco Settlement: States’ Allocations of Fiscal Year 2005 and Expected Fiscal Year 2006 Payments

In the 1990s, states sued tobacco companies (TC) t

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By Robert A. Robinson (au)
Year: 2006
Pages: 67
Binding Paperback

Product Code: 1422307077

Description

In the 1990s, states sued tobacco companies (TC) to obtain reimbursement for health impairments caused by the public’s use of tobacco. In 1998, 4 of the nation’s largest TC signed a Master Settlement Agreement (MSA) to make annual pay. to 46 states in perpetuity as reimbursement for past tobacco-related health care costs. Some states have arranged to receive advance proceeds based on the amounts that TC owe by issuing bonds backed by future pay. This is a report, through FY 2006, on how states use MSA pay. made by TC. All 46 states surveyed provided info. on: the pay. the 46 states received in FY 2005 & expect to receive in FY 2006; & states’ allocations of these funds to various program categories & changes from prior years. Charts & tables.

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