N.Y.'s Nassau County Approves $410M Tobacco Settlement Deal

Whalen, Robert
March 2006
Bond Buyer;3/7/2006, Vol. 355 Issue 32333, p3
Trade Publication
The article reports on the plan of Nassau County to sell 410 million dollars of new and refunding tobacco settlement revenue bonds. The county Legislature had approved the transaction on March 6, 2006 by an 18-to-1 margin. It was believed that the bond restructuring will allow the county to eliminate trapping accounts that were created to provide additional security to investors.


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