Colorado Plan Would Securitize $1.5B in Tobacco Money

Albanese, Elizabeth
January 2006
Bond Buyer;1/20/2006, Vol. 355 Issue 32302, p32
Trade Publication
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.


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