Securitization would mean the state would sell or pledge its expected tobacco settlement payments to a third party. The state would benefit from this plan because it would get the money earlier and.
Kansas officials got the bad news they were expecting Wednesday. After reading the economic tea leaves and noting that state tax collections have been kansas revenue projections lowered Again | KCUR
CITY OF SAN DIEGO TOBACCO SETTLEMENT REVENUE FUNDING CORPORATION (CUSIP Number 797330) VOLUNTARY EMMA FILING Notice is hereby given that effective 30 days from May 16, 2016, Fitch Ratings intends to withdraw
Kansas is one of 46 states that receive annual payment from major U.S. tobacco manufacturers under the 1998 Master Settlement, which is designed to compensate them for tobacco-related healthcare costs. Many states have securitized these payments in order to receive a lump sum payment.
· Dec. 16, 2014 – In 2014, more teens use e-cigarettes than traditional, tobacco cigarettes or any other tobacco product-the first time a U.S. national study shows that teen use of e-cigarettes.
Kansas uses money from a settlement with. “Citi pioneered the tobacco bond market,” states the presentation, which calls tobacco securitization a billion market. Proceeds from tobacco.
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Background Note: As you may know, the MSA is a contract between the tobacco companies and 46 states that resulted from the settlement of lawsuits the states filed against the tobacco companies to recover certain tobacco-related healthcare costs. The agreed-upon settlement requires that the tobacco companies make annual payments to each of the states in perpetuity.
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moody’s corrects the insured rating of the golden state tobacco securitization corp. (ca), enhanced tobacco settlement asset-backed bonds, series 2005a, cusip 38122ngh9 to baa2 from aa3. moody’s investors service 15 mar 2007 rating update.
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Selling bonds backed by the tobacco money would mean that some or all of it would go to investors in exchange for a large upfront payment. Kansas currently uses the tobacco money to fund children.