Iowa Reaches a $171 Million Settlement With Tobacco Manufacturers to Resolve 18-Year Legal Dispute

On Tuesday Iowa Attorney General Brenna Bird announced a settlement agreement with Tobacco Manufacturers giving the state extra payments totaling $171 million over the next six years.

Iowa is set to receive an additional $136 million in April 2024, with the rest disbursed annually from 2025 to 2029.

According to Iowa law, 78% of these payments will pay down the State’s debt to bondholders and the remaining will be deposited in the State Treasury’s Rebuild Iowa Infrastructure Fund.

Read the source article at Iowa News Now