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Tobacco master settlement agreement in new book TIL about the Tobacco Master Settlement Agreement. Tobacco companies will pay States based off of their tobacco sales volume. In return, the States will grant Tobacco companies immunity from any death or Virginia Receives Nearly $123 Million from Tobacco Master Settlement Agreement The State of Arkansas has received $44,414,444.95 as its annual proceeds from the 1998 Master Settlement Agreement (MSA). The annual disbursement of tobacco settlement funds, which is received by the State Treasurer's

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