Attorney General Luther Strange: Tobacco settlement good for AL - ABC 33/40 - Birmingham News, Weather, Sports

Attorney General Luther Strange: Tobacco settlement good for Alabama

Posted: Updated:

MONTGOMERY, Ala. - Attorney General Luther Strange today announced a multi-state agreement with the major tobacco companies that settles a 10-year dispute regarding payments under the 1998 Master Settlement Agreement (MSA). Today's agreement ensures the stability of continued payments in the future.

"This settlement is important for Alabama and essential to the future of our public health funding from the Alabama 21st Century Fund," said Strange. "The Legislature has utilized the state's MSA funds by funding incentives for economic development and supporting health care programs for children and seniors. Our office is focused on maintaining the integrity of that fund. Under the terms of the settlement, we avoid the significant uncertainty of costly litigation and the potential loss of one or more entire annual MSA payments."

In 1998, the major tobacco companies agreed to pay states more than $200 billion over 25 years to settle lawsuits over the health care costs related to smoking. For the past ten years, there has been a dispute between the tobacco companies and the states over portions of the payments.

Since 2003, Alabama has received nearly $1 billion from the MSA. For each of those years, no less than $14 million in payments would be at risk by continued arbitration.

On December 17, 2012, the settlement was agreed upon by 17 states including Alabama, Arizona, Arkansas, California, Georgia, Kansas, Louisiana, Michigan, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, Tennessee, Virginia, West Virginia and Wyoming. The states were joined by the District of Columbia and Puerto Rico.

  • Central Alabama NewsMore>>

  • Judge delays decision on abortion law

    Judge delays decision on abortion law

    Thursday, July 31 2014 1:54 PM EDT2014-07-31 17:54:07 GMT
    A federal judge is delaying his decision on an Alabama law that could close some abortion clinics. U.S. District Judge Myron Thompson told attorneys in June that he hoped to rule by the end of July. But Thompson notified attorneys Thursday that he needs extra time and will have a ruling by Monday. Thompson said he needs time to consider a federal appeals court ruling Tuesday that blocked a similar Mississippi law. Alabama's law requires doctors at abortion clinics to have approval to admit pa...More >>
    A federal judge is delaying his decision on an Alabama law that could close some abortion clinics. U.S. District Judge Myron Thompson told attorneys in June that he hoped to rule by the end of July. But Thompson notified attorneys Thursday that he needs extra time and will have a ruling by Monday. Thompson said he needs time to consider a federal appeals court ruling Tuesday that blocked a similar Mississippi law. Alabama's law requires doctors at abortion clinics to have approval to admit pa...More >>
  • Rainbow City woman, 56, killed in accident on I-59 near Argo Wednesday night

    Rainbow City woman, 56, killed in accident on I-59 near Argo Wednesday night

    Thursday, July 31 2014 11:48 AM EDT2014-07-31 15:48:12 GMT
    A Rainbow City woman was killed and her husband was injured Wednesday in a single-vehicle crash on Interstate 59 near Argo, Alabama State Troopers said.More >>
    A Rainbow City woman was killed and her husband was injured Wednesday in a single-vehicle crash on Interstate 59 near Argo, Alabama State Troopers said.More >>
  • 3 West Chilton County Volunteer Fire Department officials arrested on theft charges

    3 West Chilton County Volunteer Fire Department officials arrested on theft charges

    Wednesday, July 30 2014 6:07 PM EDT2014-07-30 22:07:24 GMT
    A continuing investigation into the theft of Fire Department funds in central Alabama has led to the arrest of three West Chilton County Volunteer Fire Department officials, the state fire marshal's office announced today.More >>
    A continuing investigation into the theft of Fire Department funds in central Alabama has led to the arrest of three West Chilton County Volunteer Fire Department officials, the state fire marshal's office announced today.
    More >>
  • Birmingham Area NewsMore>>

  • School leaders prepare for new era at Ramsay High School

    School leaders prepare for new era at Ramsay High School

    Thursday, July 31 2014 6:56 PM EDT2014-07-31 22:56:56 GMT
    It's the start of a new era at Ramsay High School after the district installed a new principal. Some parents and students were upset and very vocal about changing the school's leadership. The school district is expecting big things for Ramsay.More >>
    It's the start of a new era at Ramsay High School after the district installed a new principal. Some parents and students were upset and very vocal about changing the school's leadership. The school district is expecting big things for Ramsay.More >>
  • Small plane crash in Helena sends 4 to hospital with serious injuries

    Small plane crash in Helena sends 4 to hospital with serious injuries

    Thursday, July 31 2014 5:29 PM EDT2014-07-31 21:29:23 GMT
    Authorities are investigating a small plane crash in Helena Thursday afternoon, a fire spokesman said.More >>
    Authorities are investigating a small plane crash in Helena Thursday afternoon, a fire spokesman said.More >>
  • Car tag renewal locations opening Monday

    Car tag renewal locations opening Monday

    Thursday, July 31 2014 5:29 PM EDT2014-07-31 21:29:21 GMT
    Being able to renew a car tag in Hoover begins Monday. And, it's available for any resident of Jefferson County. The temporary location for this new car tag renewal service will be at Hoover Metropolitan Stadium. But, a permanent site is still in the works.The city is looking for space in Hoover. Hoover city councilman, John Lyda, says the finishing touches on the tag renewal project are taking place at the Hoover Met. "The county has been overseeing the project at the Met, to get the techno...More >>
    Being able to renew a car tag in Hoover begins Monday. And, it's available for any resident of Jefferson County. The temporary location for this new car tag renewal service will be at Hoover Metropolitan Stadium. But, a permanent site is still in the works.The city is looking for space in Hoover. Hoover city councilman, John Lyda, says the finishing touches on the tag renewal project are taking place at the Hoover Met. "The county has been overseeing the project at the Met, to get the techno...More >>
Most Popular
Stories
Videos
loading...