Rensselaer County Tobacco Asset Securitization Corporation (RCTASC)

Overview

The Rensselaer County Tobacco Asset Securitization Corporation (RTASC) was created in 2001. Its purpose was to issue bonds to finance RTASC's purchase of the future right, title, and interest of the County of Rensselaer, New York to tobacco settlement revenues under the Master Settlement Agreement. In 2005, RTASC participated in the New York Counties Tobacco Trust V, Tobacco Settlement Pass Through Bonds which issued subordinate Capital Appreciation Bonds.

Mission Statement

Rensselaer Tobacco Asset Securitization Corporation is a local development corporation created pursuant to the not-for-profit corporation law of the State of New York. RTASC was created as a financing entity whose purpose is to issue and sell bonds and notes to fund or refund a portion of the capital program and working capital needs of the County of Rensselaer, New York (the "County"). RTASC issued debt secured by tobacco settlement revenues (TSRs), which are paid by cigarette companies as part of their settlement with 46 states, including the State of New York, and other U.S. Territories.

The County sold its right to receive TSRs to RTASC.

Measurements

Assessment of the Financial Status of the Rensselaer Tobacco Asset Securitization Corporation.

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.

View Most Recent Agendas and Minutes

Officers

• Mark Wojcik, President
• Lisa Kelleher, Vice President
• Carl J. Kempf III, Secretary/Treasurer

Committee Assignments

Finance

• David Stackrow, Chair
• Lisa Kelleher, Member
• Carl J. Kempf III, Member

Governance

• Charles Smith, Chair
• David Stackrow, Member
• Mark Wojcik, Member

Audit

• Lisa Kelleher, Chair
• Charles Smith, Member
• Mark Wojcik, Member