Iowa gets nearly $72M in yearly tobacco payment

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

DES MOINES, Iowa (AP) - Iowa received $71 million this week from tobacco companies - its annual share of a 1998 landmark legal settlement in which tobacco companies pay states for smoking-related health care costs.

The Iowa Attorney General’s Office says that since 1999, the state has received more than $960 million in tobacco payments.

This week’s payment included a regular annual sum of more than $54 million as part of the master agreement and an additional “Strategic Contribution Fund” payment of more than $17.5 million.

The payment also includes a $6 million tobacco arbitration judgment from a case in which cigarette manufacturers claimed Iowa did not diligently enforce its tobacco statutes in 2003. A unanimous three-judge panel sided with Iowa in the case last year.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks