To assist county of alameda, california to securitize amounts due the county from the future receipts of tobacco settlement proceeds.

Public & Societal Benefit

The organization is a public benefit corporation established to assist the county of alameda, california to securitize amounts due the county from the future receipt of tobacco settlement proceeds. In 2002, the organization purchased the rights of the county to future tobaccco settlement revenue and simultaneously sold these rights to the issuer of tobacco revenue bonds sold to the general public. Such bonds secured by the future tobacco settlement revenue.