Ga. to receive $56M next year in tobacco co. settlement - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Ga. reaches agreement with 4 tobacco companies

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ATLANTA (WTOC) -

Georgia is one of 17 states that reached an agreement Dec. 17 with four tobacco companies to settle a 10-year payment dispute.

Georgia Attorney General Sam Olens announced Wednesday that the settlement stems from a 10-year dispute between the states and the tobacco companies on payments under the 1998 Master Settlement Agreement. Georgia will get an estimated $56 million in 2013 and continued payments in the future.

In 1998, the tobacco companies agreed to pay states more than $200 billion over 25 years to settle lawsuits on the smoking-related health care costs, according to the attorney general's office. The dispute was over portions of the payments.

Since 2003, Georgia has received an estimated $1.5 billion from the four largest tobacco companies.

Other states that are part of the settlement: Alabama, Arizona, Arkansas, California, Kansas, Louisiana, Michigan, Nebraska, Nevada, New Hampshire, New Jersey, North Carolina, Tennessee, Virginia, West Virginia and Wyoming and District of Columbia and Puerto Rico.

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