The Norman Transcript

Homepage

April 22, 2014

Oklahoma receives $77.18M tobacco settlement payment

NORMAN — Oklahoma recieved $77.18 million in annual payments from the tobacco industry under the national Master Settlement Agreement. With the latest receipts, Oklahoma has received $1.16 billion since payments began in 1999.

State Treasurer Ken Miller said 75 percent of the annual payment, or $57.89 million, went into the Tobacco Settlement Endowment Trust Fund, as mandated by the Oklahoma Constitution.

This year’s payment brings the trust fund balance to more than $991 million. The remainder of the annual payment is divided between a fund used for health care-related appropriation by the Legislature and the attorney general’s evidence fund.

Oklahoma was one of 46 states that sued the largest U.S. tobacco companies to recover tobacco-related health care costs. Payments will continue as long as cigarettes are sold.

One of the main goals of the Master Settlement Agreement was to reduce smoking, particularly among youth, and the TSET Board of Directors made tobacco prevention its first priority.

Oklahoma’s rank among states improved from 47th to 39th in adult smoking. Middle school and high school smoking rates are nearly half of what they were when TSET first began making grants to support tobacco free environments and prevent youth initiation of tobacco use.

Breaking news, severe weather alerts, AMBER alerts, sports scores from The Norman Transcript are available as text messages right to your phone or mobile device. You decide which type of alerts you want to receive. Find out more or to signup, click here.

1
Text Only | Photo Reprints
Headlines

Sports

Opinion

Features

Must Read

Editorials

Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Business

Photos


Facebook