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Chemung Tobacco Asset Securitization Corporation

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.

BOARD OF DIRECTORS
Thomas Santulli, County Executive
Chemung County Joseph Sartori, Treasurer,
Chemung County Steven Hoover, Budget Director,
Chemung County Donna Draxler,
Sole Member Clay Granoff, Independent Director

List of Committees and Members

 

Welcome To

Chemung County

"It gives me great pleasure to welcome you to ChemungCountyNY.gov, the virtual entrance to various programs and services available through Chemung County government. This site was designed to provide you with “user-friendly” access to a variety of links to different offices and organizations that are involved with tourism, economic and community development, transportation, health and social services.Thank you for visiting ChemungCountyNY.gov!"

Chemung County
203 Lake Street
Elmira, NY 14901

person
County Executive Thomas J. Santulli