Virginia Tobacco Indemnification And Community Revitalization Commission
 
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The National Tobacco Settlement

 

In 1998, the Attorneys General of 46 states signed the Master Settlement Agreement (MSA) with the four largest tobacco companies in the United States to settle state suits to recover billions of dollars in costs associated with treating smoking-related illnesses. Four states - Florida, Minnesota, Mississippi, and Texas - settled their tobacco cases separately from the MSA states. While the MSA is in perpetuity, over the next 25 years, states will receive over $206 billion from the settlement. Virginia’s share will be $4.1 billion.

Master Settlement Agreement (full text) - link to
http://www.naag.org/backpages/naag/tobacco/msa

Source: National Association of Attorneys General