| 词条 | Tobacco Settlement Financing Corporation |
| 释义 |
The Tobacco Settlement Financing Corporation is a New York State public-benefit corporation that is administered by New York State Homes and Community Renewal.[1] It used to be a subsidiary to the State of New York Municipal Bond Bank Agency. The Tobacco Settlement Financing Corporation was created as a separate legal subsidiary of the New York State Municipal Bond Bank Agency to securitize a portion of the State's future revenues from its share of the 1998 Master Settlement with the participating cigarette manufacturers in order to make a $4.2 billion payment to State's General Fund. During calendar year 2003, the Tobacco Settlement Financing Corporation issued bonds and remitted the $4.2 billion payment to the State.[2] In 2017, it had operating expenses of $2.94 million, no outstanding debt, and a staffing level of 267 people.[3] References1. ^{{cite web|url=http://www.nyshcr.org/AboutUs/AgencyDescription.htm|title=NYSHCR Website|date=November 4, 2018}} 2. ^{{cite web|url=https://www.osc.state.ny.us/pubauth/data/authorities/TSFC.pdf|title=NYSOSC General Data Document for TSFC|date=November 4, 2018}} 3. ^{{cite web|url=https://www.abo.ny.gov/reports/annualreports/ABO2018AnnualReport.pdf|title=NYSABO 2018 Report|pp=16,29,44|date=November 4, 2018}} See also
External links
3 : Public benefit corporations in New York (state)|Politics of New York (state)|Public benefit corporations |
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