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.”

 

Earlier this year, Koster sent a letter to the legislature warning about this issue.   I reported it here.  And then published the retort of lobbyist Andy Arnold.  See that here.

 

Originally in September 13 MOScout.