‘Tobacco securitization’ and what it would mean for Kansas

Tobacco Money Plays Key Role In Brownback Budget Plan – “The supposed protection of the CIF (Kansas Endowment for Youth) Fund hasn’t been able to prevent allotments,” he said. Under a securitization deal, bonds backed by the state’s tobacco settlement.

Kansas officials discuss selling tobacco settlement payments. – An investment banking company has briefed Kansas officials on its expertise in tobacco settlement payments as child advocates say the state is pursuing a future sale to help close the budget deficit.

Tobacco bond plan raises questions among children's advocates. – Tobacco bond plan raises questions among children’s advocates by Meg Wingerter, Kansas News Service Dana Stanton drove hours from Hays to a Friday meeting in Topeka hoping to learn what the governor’s budget proposal would mean for the children’s programs she oversees.

Special funding for highways, children’s programs, others at risk with Brownback proposal – Kansas Budget Director Shawn Sullivan says. and includes plans to sell off the state’s future share of tobacco settlement money for a one-time payment, a process known as “securitization.” “It’s my.

tobacco | KCUR – The governing bodies of both Kansas City, Missouri, and Kansas City, Kansas, voted Thursday to raise the legal age for buying tobacco and electronic nicotine-vapor products from 18 to 21 in their.

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How Wall Street Tobacco Deals Left States With Billions in. – Tobacco Debt. One source of the pain is a little-known feature found in many of the deals: high-risk debt that squeezed out a few extra dollars for the governments but promised massive balloon payments, some in the billions, down the road.

Kansas to Consider Tobacco Revenue Securitization Model. – DALLAS – As this year’s legislative session winds down over the next two months, lawmakers in Kansas will consider a bill to securitize the state’s $1.8 billion portion of the national tobacco.

After credit ratings agency cites tobacco securitization in. – TOPEKA – The kansas budget director rebutted concerns friday that selling off annual payments that go toward children’s programs could harm the state’s credit rating, after a ratings agency.

Tobacco Securitization Authority | American Legal. – lawi.us – This entry about Tobacco Securitization Authority has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Tobacco Securitization Authority entry and the Encyclopedia of Law are in each case credited as the source of the.

Why children’s advocates worry about future tobacco settlement payments – “Kansas kids didn’t create this budget crisis, and they shouldn’t be forced to pay for it.” In point of fact, though, using tobacco payments as a dedicated. many advocates worried because it would.

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