Common Contracts
1 similar Master Settlement Agreement contracts
Master Settlement AgreementMaster Settlement Agreement • September 3rd, 2013
This budget unit accounts for proceeds received from the tobacco lawsuit Master Settlement Agreement (MSA). In late 1998, a settlement was reached in a lawsuit filed by states against the tobacco industry. In California, the proceeds of the settlement are divided equally between the state and local governments who partnered in the lawsuit. Payments to local governments are based on a formula involving total tobacco sales and each local entity’s population.
