TITLE

Alaska Tobacco Deal Passes Court Muster

AUTHOR(S)
Finestone, Deborah
PUB. DATE
October 2000
SOURCE
Bond Buyer;10/30/2000, Vol. 334 Issue 31006, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
3793124

 

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