You Can Call Them Bonds, Just Not Tobacco Bonds

McDonald, Michael
June 2003
Bond Buyer;6/3/2003, Vol. 344 Issue 31648, p1
Trade Publication
New York's Tobacco Settlement Financing Corp. will begin selling more than two billion dollars in bonds on June 6, 2003. In an interview, Stephen J. Hunt, president of the New York Municipal Bond Bank Agency and head of the new independent state agency, said the upcoming sale would be marketed as state appropriation debt. The proposed debt is backed by around 50% of the state's $400 million to $600 million in annual tobacco settlement revenues.


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