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Master Settlement Agreement The tobacco Master Settlement Agreement (MSA) is an accord reached in November 1998 between the state Attorneys General of 46 states, five U.S. territories, the District of Columbia An Economic Evaluation of the 1998 Master Tobacco 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 Tennessee receives $146.1M payment from tobacco lawsuit 1998 Master Settlement Agreement Pepe's Non Smoking Party Time Lounge

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