H.B. No. 0178             Tobacco securitization.

Sponsored by: CAP FIN & INV

AN ACT relating to public funds; establishing a corporation as a state instrumentality to securitize

specified tobacco settlement proceeds; specifying corporate directors, powers and duties;

authorizing the sale of future tobacco receipts as specified; authorizing the sale of securities by the

corporation as specified; providing for the redistribution of federal mineral royalties, severance

taxes, specified state investment earnings and proceeds related to the tobacco master settlement

agreement; creating an account within the permanent Wyoming mineral trust fund; providing for the

deposit of the tobacco settlement trust account and other deposits to the account; repealing the

tobacco settlement trust account; and providing for an effective date.

 

 

 

Note:  To view the Bill as prepared for Introduction please click the Bill Number Link above.

 


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