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Tobacco MSA (Alabama)
The Tobacco Master Settlement Agreement (MSA) with Alabama is the particular version of the Tobacco Master Settlement Agreement, Tobacco MSA that was signed by Alabama, enabled by means of Legislature of Alabama, legislation in Alabama, and has been interpreted since then in Courts of Alabama, Alabama courts. Purpose and text The Master Settlement Agreement, MSA contained incentives to the Settling States to enact statutes which would require Non-Participating Tobacco products, Tobacco Product Manufacturers (NPMs) to place money in escrow each year based on their market shares, such money to be held to settle or pay Judgment (law), judgments in possible future lawsuits against them. Arkansas enacted such a law, codified at A.C.A. § 26-57-260 and 261, and referred to as the Escrow Statute. As originally enacted, A.C.A. § 26-57-261 provided, in relevant part, as follows:{{Cite web , title=Arkansas Code of 1987 (2023) :: Title 26 - TAXATION (§§ 26-1-101 — 26-82-119) :: Subtitl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco Master Settlement Agreement
The Tobacco Master Settlement Agreement (MSA) was entered on November 23, 1998, originally between the four largest United States Tobacco industry, tobacco companies (Altria, Philip Morris Inc., R. J. Reynolds Tobacco Company, R. J. Reynolds, Brown & Williamson and Lorillard Tobacco Company, Lorillard – the "original participating manufacturers", referred to as the "Majors") and the attorney general, attorneys general of 46 states. The states settled their Medicaid lawsuits against the tobacco industry for recovery of their Health effects of tobacco, tobacco-related health-care costs. In exchange, the companies agreed to curtail or cease certain Tobacco advertising, tobacco marketing practices, as well as to pay, in perpetuity, various annual payments to the states to compensate them for some of the Health care prices, medical costs of caring for persons with smoking-related illnesses. The money also funds a new anti-smoking advocacy group, called the Truth Initiative, that is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigarette
A cigarette is a narrow cylinder containing a combustible material, typically tobacco, that is rolled into Rolling paper, thin paper for smoking. The cigarette is ignited at one end, causing it to smolder; the resulting smoke is orally inhaled via the opposite end. Cigarette smoking is the most common method of tobacco consumption. The term ''cigarette'', as commonly used, refers to a tobacco cigarette, but the word is sometimes used to refer to other substances, such as a joint (cannabis), cannabis cigarette or a herbal cigarette. A cigarette is distinguished from a cigar by its usually smaller size, use of processed leaf, different smoking method, and paper wrapping, which is typically white. There are significant negative health effects from smoking cigarettes such as cancer, chronic obstructive pulmonary disease (COPD), cardiovascular disease, heart disease, birth defects, and other Health effects of tobacco, health problems relating to nearly every organ of the body. Most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alabama Law
Alabama ( ) is a state in the Southeastern and Deep Southern regions of the United States. It borders Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama is the 30th largest by area, and the 24th-most populous of the 50 U.S. states. Alabama is nicknamed the ''Yellowhammer State'', after the state bird. Alabama is also known as the "Heart of Dixie" and the "Cotton State". The state has diverse geography, with the north dominated by the mountainous Tennessee Valley and the south by Mobile Bay, a historically significant port. Alabama's capital is Montgomery, Alabama, Montgomery, and its largest city by population and area is Huntsville, Alabama, Huntsville. Its oldest city is Mobile, Alabama, Mobile, founded by French colonization of the Americas, French colonists (Alabama Creole people, Alabama Creoles) in 1702 as the capital of Louisiana (New France), French Louisiana. Birmingham metropolitan a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco Control
Tobacco control is a field of international public health science, policy and practice dedicated to addressing tobacco use and thereby reducing the morbidity and mortality it causes. Since most cigarettes and cigars and hookahs contain or use tobacco, tobacco control also addresses these products. Tobacco control is a priority area for the World Health Organization (WHO) as a part of the Framework Convention on Tobacco Control. References to a tobacco control movement may have either positive or negative connotations, depending upon the commentator. Tobacco control aims to reduce the prevalence of tobacco and nicotine use and this is measured with the "age-standardized prevalence of current tobacco use among persons aged 15 years and older".United Nations (2017) Resolution adopted by the General Assembly on 6 July 2017, Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable DevelopmentA/RES/71/313) E-cigarettes do not contain tobacco itself, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco Politics
Tobacco politics refers to the politics surrounding the use and distribution of tobacco, likewise with regulations. In the United States, from the 1950s until the 1990s, tobacco industries wielded great influence in shaping public opinion on the health risks of tobacco. Despite the efforts of public health advocates, scientists, and those affected by smoking, both Congress and courts favored the tobacco industry in policy and litigation. It was not until the 1990s that public health advocates had more success in litigating against tobacco industries, including the 1998 Master Settlement Agreement between major tobacco companies and 46 state attorneys general. Although public opinion in the United States on tobacco use is generally unfavorable, many large tobacco companies continue to find success internationally, and tobacco companies have expanded into other product categories, such as electronic cigarettes, as traditional tobacco use declines. As of 2018, 169 states have sig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arkansas General Assembly
The General Assembly of Arkansas is the state legislature of the U.S. state of Arkansas. The legislature is a bicameral body composed of the upper house Arkansas Senate with 35 members, and the lower Arkansas House of Representatives with 100 members. All 135 representatives and state senators represent an equal number of constituent districts. The General Assembly convenes on the second Monday of every year. In odd-numbered years it may consider any bill or resolution; in even-numbered years it may only consider appropriations bills.Arkansas Constitution, Article 5, Section 5 Justia (accessed September 11, 2024) A session lasts for 60 days unless the legislature votes to extend it. The |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Settlement (law)
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. The term also has other meanings in the context of law. Structured settlements provide for future periodic payments, instead of a one time cash payment. Basis A settlement, as well as dealing with the dispute between the parties is a contract between those parties, and is one possible (and common) result when parties sue (or contemplate so doing) each other in civil proceedings. The plaintiffs and defendants identified in the lawsuit can end the dispute between themselves without a trial. The contract is based upon the bargain that a party forgoes its ability to sue (if it has not sued already), or to continue with the claim (if the plaintiff has sued), in return for the certainty written into the settlement. The courts will enforce the settlement. If it is breached, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest (finance)
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Intere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escrow Fund
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed. Types Escrow generally refers to money held by a third party on behalf of transacting parties. It is mostly used regarding the purchase of shares of a company. It is best known in the United States in the context of the real estate industry (specifically in mort ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco
Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chief commercial crop is ''N. tabacum''. The more potent variant ''N. rustica'' is also used in some countries. Dried tobacco leaves are mainly used for smoking in cigarettes and cigars, as well as pipes and shishas. They can also be consumed as snuff, chewing tobacco, dipping tobacco, and snus. Tobacco contains the highly addictive stimulant alkaloid nicotine as well as harmala alkaloids. Tobacco use is a cause or risk factor for many deadly diseases, especially those affecting the heart, liver, and lungs, as well as many cancers. In 2008, the World Health Organization named tobacco use as the world's single greatest preventable cause of death. Etymology The English word 'tobacco' originates from the Spanish word ''taba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislature Of Alabama
The Alabama Legislature is the legislative branch of the government of the U.S. state of Alabama. It is a bicameral body composed of the House of Representatives and Senate. It is one of the few state legislatures in which members of both chambers serve four-year terms and in which all are elected in the same cycle. The most recent election was on November 8, 2022. The new legislature assumes office immediately following the certification of the election results by the Alabama Secretary of State which occurs within a few days following the election. The Legislature meets in the Alabama State House in Montgomery. The original capitol building, located nearby, has not been used by the Legislature on a regular basis since 1985, when it closed for renovations. In the 21st century, it serves as the seat of the executive branch as well as a museum. History Establishment The Alabama Legislature was founded in 1818 as a territorial legislature for the Alabama Territory. Following th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
