TITLE

Colorado Plan Would Securitize $1.5B in Tobacco Money

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/20/2006, Vol. 355 Issue 32302, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Colorado lawmakers to introduce a regulation that would allow the state to issue tobacco bonds. The regulation, which is called HB 1163 is sponsored by Grand Junction representative Joshua Penry. Penry asserted that half of the proceeds will be invested into a rainy-day fund while the other half will be invested in capital expenditures.
ACCESSION #
19689686

 

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