Connect With Us
                     

NEWS

 

Iowa gets nearly $72M in yearly tobacco payment

by KIX101.1 /1230 KFJB News Department posted Apr 21 2014 10:15AM

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.


 
Filed Under :
Location : Des MoinesIowa
04/21/2014 10:08AM
Iowa gets nearly $72M in yearly tobacco payment
Please Enter Your Comments Below
Title :
Comment :
On Air Now
Kix Listener Club
Recent Posts
Iowa woman accused of ramming husband's motorcycle
Netherlands king to attend ethanol plant opening
DNR investigates fish kill in northwest Iowa
Iowa mother charged after girl becomes pregnant
Des Moines man pleads not guilty in home invasion
Tag Cloud
No Tags Found !
Categories 
Archives