Tobacco Bonds

Minn. Completes Refinancing Of Tobacco Bonds Minnesota has completed the refinancing of tobacco revenue bonds after the state Supreme Court ruled the move is constitutional.
Minn. House Democrats Urge No More Tobacco Bonds The expectation of another Minnesota budget deficit has legislators girding for another difficult debate.
Minnesota Finalizes Sale Of $757M In Tobacco BondsMinnesota finance officials said Thursday they've completed the sale of $757 million in bonds using the state's future tobacco lawsuit settlement dollars as the repayment stream — a move that comes with substantial costs.
Tobacco Bonds In MN Budget Come At Hefty PriceThe budget deal that ended Minnesota's government shutdown comes with a hefty price: It relies heavily on borrowing $640 million against money from the state's 1998 tobacco settlement, but might cost that same amount in interest -- plus a substantial annual revenue loss for years to come.