Tobacco Settlement States Allocations Of Fiscal Year 2003 And Expected Fiscal Year 2004 Payments

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976431470
Total Pages : 74 pages
Book Rating : 4.4/5 (314 download)

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Download or read book Tobacco Settlement written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-15 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990's, states sued major tobacco companies to obtain reimbursement for health impairments caused by the public's use of tobacco. In 1998, four of the nation's largest tobacco companies signed a Master Settlement Agreement (MSA) to make annual payments 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 tobacco companies owe by issuing bonds backed by future payments. The Farm Security and Rural Investment Act of 2002 requires GAO to report annually, through fiscal year 2006, on how states use MSA payments made by tobacco companies. To conduct this study, GAO surveys the 46 states. This is the fifth and final of a series of reports that provides information on - the payments the 46 states received in fiscal year 2005 and expect to receive in fiscal year 2006 and - states' allocations of these funds to various program categories and changes from