Amerada Hess Bonds

Saskal, Rich
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p35
Trade Publication
The article focuses on the introduction of a bill, to enact a proposal from Governor Frank Murkowski to securitize the proceeds from a lawsuit settlement won by the state, in the Legislature. The bill would set up an entity called the State of Alaska Capital Corp. as a vehicle to issue $350 million of bonds to finance a number of state projects. The source of repayment would be interest generated from the settlement of a lawsuit known as the Amerada Hess case, in which the state accused several oil firms of undervaluing their oil and gas production for tax purposes.


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