Agreed Settlement: This is an official Kentucky Judicial District, Small Claims Division, form that complies with all applicable federal and state codes and statutes. USLF amends and updates all Federal and state forms as is required by federal and state statutes and law. This form is available in both Word and Rich Text formats.
The Kentucky Agreed Settlement is an agreement between Kentucky and the tobacco industry that was reached in 1999. The settlement was created to settle a lawsuit brought by the state of Kentucky against the tobacco industry for damages it has caused. The settlement includes a fund of $246 million that is used to fund a variety of tobacco prevention and control initiatives, as well as a fund of $500 million to compensate individuals and organizations that have suffered from tobacco-related illness or economic harm. The settlement also sets out a number of other provisions, including provisions related to the sale of tobacco products, advertising restrictions, and public health initiatives. There are three different types of Kentucky Agreed Settlement: the Master Settlement Agreement (MSA), the Kentucky Tobacco Settlement Agreement (TSA), and the Kentucky Tobacco Settlement Program (KTP). The MSA is the main settlement agreement between the tobacco companies and the state of Kentucky. The TSA is an agreement between the tobacco companies and the Kentucky Attorney General's office which sets out additional provisions related to the MSA. The KTP is a fund established under the MSA to provide financial assistance to individuals and organizations affected by tobacco-related illness.
