Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Impressions pre-reset: 420826 Clicks pre-reset: 872

Kentucky Attorney General Jack Conway - July 2014

jim conway 300KENTUCKY (7/2/14) — In June, I joined Governor Steve Beshear in announcing a crucial settlement that restores certainty to Kentucky’s annual payments from the tobacco Master Settlement Agreement, providing essential funding to our farmers, childhood development programs and public health initiatives for the foreseeable future.

Kentucky joined the historic MSA in 1998 with the country’s four largest tobacco manufacturers, and many other smaller tobacco companies subsequently agreed to sign on.

The tobacco companies entered into the MSA with states and their attorneys general to repay hundreds of millions of dollars that the states had spent in the past to pay for the smoking-related illnesses of their citizens. It was the result of the largest class action lawsuit in the history of the United States. The MSA also placed certain restrictions on the way tobacco products could be advertised and branded, specifically to children. Gone are the images of Joe Camel, the Virginia Slims Tennis Tournament, and the Winston Cup.

Each year, the companies make payments to the states, and in turn, the states have the duty to enforce the terms of the MSA agreement by policing non-participating manufacturers – the tobacco companies operating outside of the MSA framework.

More than a decade ago, the participating tobacco companies decided to challenge each state’s enforcement efforts, and since that time, there has been a complex legal battle between the tobacco companies and the states over portions of the payments.

An arbitration panel ruled last year that Kentucky did not diligently enforce the MSA in 2003, during a previous governor and attorney general’s terms. This arbitration decision resulted in a reduction to the MSA payment for 2014. While I disagree with that ruling, continuing to litigate this decade-long issue would have put the Commonwealth in grave danger of losing half of our $100 million payment for this year, and it would have left our payments in limbo for years to come, costing Kentucky millions of dollars in litigation fees with no resolution in sight. This wasn’t going to work for Kentucky.

That’s why I reached out to the tobacco companies to determine how we could get the train back on the tracks and work together to end the litigation and find an agreement that was suitable for all parties. The result is an agreement that fully restores Kentucky’s MSA payment for 2014 and will result in a net gain of $57.2 million for Kentucky.

To date, Kentucky has invested more than $400 million of MSA funds to increase farm income, diversify crops, and create business opportunities for farmers. We have also funded early child development programs and devoted a significant portion of this fund to public health initiatives, including anti-smoking campaigns and cancer research. This settlement ends a long-running dispute, and it will allow our Commonwealth to continue supporting these imperative programs and services.

The settlement is one Kentucky can be proud of. This is great news for our farmers, communities, and health advocates, and the settlement will continue to have a positive impact on the Commonwealth. These funds are critical to Kentucky, and we can’t afford to lose them.

I appreciate Governor Beshear and his staff working diligently with my staff to hammer out a settlement that is good for Kentucky and will ensure our tobacco payments for decades to come.

SurfKY News
Information provided by Daniel Kemp

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

3/13 - 16
button coupons

Stock Report

1 DOW 17,814.94
-2.96 (-0.02%)    
2 S&P 2,067.03
-2.38 (-0.12%)    
3 NASDAQ 4,758.25
+3.36 (0.07%)    
3/13 - 16
3/13 - 16
button classifieds

In Other News...

Hopkinsville Man Charged With Murder

HOPKINSVILLE, Ky. (11/24/14) — The Hopkinsville Police Department has arrested a 29-year-old man in connection with the… Read More

Calloway County Traffic Advisory

CALLOWAY COUNTY, Ky. (11/24/14) — The Kentucky Transportation Cabinet plans to restrict westbound traffic to one lane… Read More
3/13 - 16

Most Read This Week

November 21, 2014 6550

Man Accused of Assaulting Coach During Basketball…

in Local (Muhlenberg) Top News by Rita Dukes Smith, SurfKY News Director
November 22, 2014 4267

One Injured in Two Vehicle Collision in Greenville

in Local (Muhlenberg) Top News by Miria Thomas
November 21, 2014 4006

Crashing Dump Trucks in Work Zone Cause Pennyrile…

in Top News For All Sites Touching Hopkins by Trooper Stu Recke
November 19, 2014 3963

Is Bankruptcy Your Best Option?

in General News For All Sites by SurfKY News
November 19, 2014 3765

Two Killed When Vehicle Becomes Airborne, Strikes…

in Local (Owensboro) Top News by Daviess County Sheriff's Office
November 21, 2014 3277

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 19, 2014 3217

Three Injured in Two-Vehicle Collision on South…

in Local (Hopkins) Top News by Gwen Smith
November 21, 2014 3050

Madisonville Police Arrest Reports - Nov. 21, 2014

in Hopkins News by Madisonville Police Department
November 21, 2014 2669

Swimming and Diving Closes Fall Season at Ohio…

in General Sports For All Sites by UK Athletics
November 20, 2014 2492

Local Church Prepares for 'Return to Bethlehem'

in Video by Gary Gates, SurfKY News

Stories Trending Today

November 24, 2014 2348

Two Charged for Possession of Meth After…

in Local (Muhlenberg) Top News by MCSO/PIO Alex Piper
November 24, 2014 2181

Madisonville Police Charge Woman with Terroristic…

in Local (Hopkins) Top News by Madisonville Police Department
November 25, 2014 1651

Madisonville Man Charged for Selling Cocaine

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1591

Hopkins County Sheriff's Reports Released

in Hopkins News by Sheila Hopper
November 24, 2014 1545

Madisonville Police Arrest Reports - Nov. 24, 2014

in Hopkins News by Madisonville Police Department
November 25, 2014 1363

Call for Help Results in Arrest for Possession of…

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1344

Mustang Bass Team Chosen for Next Season

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
November 24, 2014 1326

Salon G in Business of Making Women Beautiful for…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 24, 2014 1179

Dawson Springs Police Reports Released

in Hopkins News by Melissa Heflin
November 24, 2014 1090

Santa and Mrs. Claus Coming to Thistle Cottage

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss