Alaska Tobacco Deal Passes Court Muster

Finestone, Deborah
October 2000
Bond Buyer;10/30/2000, Vol. 334 Issue 31006, p42
Trade Publication
Highlights the Alaska Superior Court's conclusion that legislation to dedicate a portion of the state's share of the national tobacco settlement to secure about $116 million in bonds sold by the Northern Tobacco Securitization Corp. is constitutional. Response to a lawsuit challenging the securitization that was filed on the eve of its pricing; Impact of the lawsuit on the state's borrowing costs.


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