Common Contracts
1 similar Tobacco Settlement Fund Allocation Agreement contracts
2009/10 Budget: Tobacco Settlement FundTobacco Settlement Fund Allocation Agreement • October 14th, 2009
The Tobacco Settlement Act of 2001 (Act 77) created the Tobacco Settlement Fund for the deposit of payments received by Pennsylvania under the 1998 Master Settlement Agreement (MSA). The MSA is the agreement reached between the major tobacco companies and 46 states. The agreement settled claims filed against the tobacco industry to recover Medicaid costs associated with treating smoking-related illnesses. In exchange for the states dropping their lawsuits, the tobacco companies agreed to make annual payments to the states in perpetuity.
