Chemung Tobacco Asset Corporation

Form of
Notice of Annual Meetings
Under the Open Meetings Law for
Chemung Tobacco Asset Securitization Corporation

The Sole Member and the Board of Directors of the Chemung Tobacco Asset Securitization Corporation (the 'Corporation") will be conducting their respective annual meetings beginning at 8:00 a.m. on March 4, 2022, via teleconference calling into the following telephone number: 646 992-2010 and entering access code 233 896 2094 when prompted. Given the ongoing COVID-19 public health crisis and pursuant to Executive Order 202.15, as extended from time to time, authorizing public meetings to be held remotely through the use of telephone conference or video conference, the aforementioned meetings will be held via teleconference and the Corporation will not be able to accommodate any in-person public attendance or participation at these meetings. These meetings are annual meetings. This notice is given in order to comply with the Open Meetings Law.

Dated February 28, 2022

Meetings

• 9 am
• March 1, 2021

Given the ongoing COVID-19 public health crisis and pursuant to Executive Order 202.1, as extended from time-to-time, suspending certain requirements of the Open Meetings Law, and Executive Order 202.15, as amended from time-to-time, authorizing public meetings to be held remotely through the use of telephone conference or video conference, the aforementioned meeting will be held via tele-conference and the Corporation will not be able to accommodate any in-person public attendance or participations at this meeting. These meetings are annual meetings. This notice is given in order to comply with the Open Meetings Law.

Members

Board of Directors

• Christopher Moss, President
• Jennifer Furman, Treasurer
• Steven Hoover, Secretary
• David Manchester, Sole Member
• Dr. Richard Terry, Independent Director

Audit & Finance Committee Members

• Jennifer Furman
• Steven Hoover
• Dr. Richard Terry

Governance Committee

• Jennifer Furman
• Steven Hoover
• Dr. Richard Terry

Overview

The Chemung Tobacco Asset Securitization Corporation (CTASC) is a local development corporation organized pursuant to Section 1411 of the Not-For-Profit Corporation Law of the State of New York. It was created for the special purpose of the sale of tobacco assets by the County. The CTASC is legally separate from the County of Chemung, New York (the County); however it is a blended component unit of the County and accordingly is included in the County's financial statements. 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.