Missouri To Refund Millions in Tobacco Money
Attorney General Chris Koster issued a statement recently with some bad news for Missourians. “A three-judge arbitration panel has ruled in favor of more than 30 cigarette manufacturers in their claims against Missouri, Indiana, Kentucky, Maryland, New Mexico, and Pennsylvania… Missouri’s share of the tobacco companies 2003 MSA (Master Settlement Agreement) payment was approximately $150 million. Koster said his office was reviewing the order to determine the exact amount of the refund… The tobacco companies’ settlement offer required all states to pass legislation called the ‘Allocable Share Release” (ASR). Forty-five state previously passed ASR. Missouri refused.”
Originally in September 13 MOScout.