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Headlines Tagged with Bonds 1,540 headlines found

22 Views

California draws on reserves for tobacco debt payments

California officials have tapped reserves for payments on two series of state tobacco bonds due to insufficient tobacco settlement revenue, according to notices filed with Municipal Securities Rulemaking Board on Monday.
Reuters
added Dec 4, 2012 01:53
13 Views

[Minnesota] MN completes refinancing of tobacco bonds

ST. PAUL, Minn. (AP) -- Minnesota has completed the refinancing of tobacco revenue bonds after the state Supreme Court ruled the move is constitutional. Minnesota Management and Budget said Thursday the state sold $656 million in state appropriation bon
AP - Associated Press
added Nov 16, 2012 18:54
56 Views

[Florida] Tobacco Appeal Bonds

During the 2009 Legislative Session, the Legislature passed a bill (SB 2198) relating to the posting of security with regard to judgments against tobacco companies that were participants in the settlement of the State's case against tobacco companies, S
Supreme Court of Florida
added Oct 14, 2012 03:43
83 Views

Florida Supreme Court won't rehear tobacco case ($$)

Florida's high court effectively ended a test by smokers challenging the constitutionality of a cap on appellate bonds the industry is required to post.
floridabiz.com (Daily Business Review)
added Oct 14, 2012 03:40
44 Views

[Florida] TOBACCO LEGISLATION APPEALS (PDF)

BOND POSTED
Supreme Court of Florida
added Sep 12, 2012 09:03
19 Views

Tobacco Appeal Bonds - The Florida Supreme Court Clerk's Office

During the 2009 Legislative Session, the Legislature passed a bill (SB 2198) relating to the posting of security with regard to judgments against tobacco companies that were participants in the settlement of the State's case
Supreme Court of Florida
added Sep 6, 2012 06:06
19 Views

[Samoa] ASG assumed responsibility to repay fed tobacco loan

Since the year 1999, American Samoa's share of the multi billion dollar national Tobacco Master Settlement Agreement (MSA) has reached more than $17 million, according to a follow up report by local consultant Bryan M. Jackson, who conducted the August 2
Samoa News
added Aug 12, 2012 18:26
16 Views

Tobacco Bonds Rally With No Sign of 2042 Mortality: Muni Credit

More than $15 billion of municipal bonds backed by tobacco-company payments will default within 30 years, Moody’s Investors Service says. That’s not deterring investors from reaping the best returns in the tax-free market.
Bloomberg News
added Jul 20, 2012 16:34
30 Views

Tobacco Bonds Face Default Risk as Smoking Drops, Moody's Says

The declining number of U.S. smokers is proving hazardous to the health of municipal bonds backed by payments from cigarette companies under a 1998 settlement with 46 U.S. states, Moody’s Investors Service said.
San Francisco (CA) Chronicle
added Jul 13, 2012 06:34
4 Views

[New York] Editorial: Counties wasted settlement funds

But the fast-money grab, and quick spending, has had long-term implications for local governments. "Essentially, instead of investing the money in reducing the long-term carnage caused by smoking, they took the easy way out," Horner told the Editorial B
New York Journal News
added Jun 28, 2012 11:56
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