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WTASC
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The
Corporation was established by the County as a single-purpose financing
vehicle to maximize revenues available to the County under the Master
Settlement Agreement (MSA), with the resulting public purpose of
benefiting the taxpayers of the County through current and future budget
relief and revenue maximization. This public purpose and mission has
been accomplished by the Corporation through participation in New York
Counties Tobacco Trust I and New York Counties Tobacco Trust IV. The
Corporation's continuing public purpose and mission is to satisfy its
obligations under Trust Indentures associated with New York Counties
Tobacco Trust I and New York Counties Tobacco Trust IV and from time to
time assess additional MSA revenue securitization opportunities.
Additional Corporation purposes and mission include compliance with
applicable provisions of PAAA and PARA, along with periodic reporting
and audit responsibilities associated with New York Counties Tobacco
Trust I and New York Counties Tobacco Trust IV.
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