Iowa treasury receives annual tobacco settlement payment

Iowa's state treasury has received an annual payment from tobacco companies totaling more than $65 million.

The payment is the result of a 1998 settlement agreement between tobacco companies and states over tobacco-related health care costs.

According to a news release from the state attorney general, since 1999 Iowa has received nearly $889 million in payments from the settlement. Attorney General Tom Miller says it provides "significant ongoing payments to Iowa."