Budget, Tobacco Bills Signed

Saskal, Rich
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p39
Trade Publication
The article reports that Governor of Alaska Frank Murkowski has signed a bill that authorizes the state to refinance outstanding bonds secured by revenue coming to the state from the national settlement with tobacco manufacturers. Alaska has already sold $251 million in Northern Tobacco Securitization Corp. bonds to securitize payments. The legislation will allow the state to refinance its outstanding tobacco bonds to generate an additional $169 million. The proceeds will be utilized to finance University of Alaska projects.


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