16A.97 TOBACCO BONDS. The commissioner may sell and issue debt under either or both of sections 16A.98 and 16A.99, but the net proceeds of bonds issued and sold under those sections together must not exceed $640,000,000 during fiscal years 2012 and 2013. History: 1Sp2011 c 7 art 11 s 2
16A.98 TOBACCO SECURITIZATION BONDS. Subdivision 1. Definitions. The definitions in this subdivision apply to this section. (a) “Authority” means the Tobacco Securitization Authority created and established under subdivision 3. (b) “Authorized officer” means any of the members of the authority identified and described in subdivision 3. (c) “Bond” means any instrument evidencing the obligation to […]
16A.99 TOBACCO APPROPRIATION BONDS. Subdivision 1. Definitions. (a) The definitions in this subdivision apply to this section. (b) “Appropriation bond” means a bond, note, or other similar instrument of the state payable during a biennium in whole or in part from tobacco settlement revenues and from one or more of the following sources: (1) money […]
