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Schuyler Tobacco Asset Securitization Corp.
The Schuyler Tobacco Asset Securitization Corporation is a not for profit corporation formed exclusively for the purpose of acquiring from the County of Schuyler any and all of the right, title and interest of the County under the Master Settlement Agreement with respect to tobacco related litigation among various settling states and participating manufactures. It is separate and apart from the County. In lieu of receiving tobacco settlement payments, the corporation in conjunction with other New York Counties issued Tobacco Settlement Bonds. The purpose of the corporation is to collect receipts from the tobacco settlement and service its debt in connection with the issuance of those bonds. Any excess proceeds over and above are turned over to the County of Schuyler.
Mission Statement - Schuyler County Tobacco Asset Securitization Corporation 105 Ninth Street, Unit 6 Watkins Glen, NY 14891 (607) 535-8100. The Schuyler County Tobacco Asset Securitization Corporation is a not for profit corporation formed exclusively for the purpose of acquiring from the County of Schuyler any and all of the right, title and interest of the County under the Master Settlement Agreement with respect to tobacco related litigation among various settling states and participating manufacturers. It is separate and apart from the County. In lieu of receiving tobacco settlement payments, the corporation in conjunction with other New York Counties issued Tobacco Settlement Bonds. The purpose of the corporation is to collect receipts from the tobacco settlement and service its debt in connection with the issuance of those bonds. Any excess proceeds over and above are turned over to the County of Schuyler
Board of Directors: Carl Blowers - Sole Member & Director Holley Sokolowski - Director Philip Barnes - Director M. Shawn Rosno - Director Kevin Murphy - Independent Director Philip Barnes - President Jim Howell - Vice President Tim O'Hearn - Treasurer Peggy Tomassi - Secretary Jamee Mack - Contract Officer | Audit & Finance Committee: Kevin Murphy Timothy O'Hearn Holley Sokolowski Governance Committee: Kevin Murphy Timothy O'Hearn Holley Sokolowski |