TSA

TOBACCO SETTLEMENT AUTHORITY

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3/9/20 Message about COVID-19

In response to a directive from the Governor, Authority staff will be working remotely through April 3. However, our office will remain open and we will strive to provide the same level of customer service as usual.

Please check here for ongoing updates, though we will certainly be reaching out proactively to any potential visitors or stakeholders who may be affected. Thank you for your understanding.

About the Washington State Tobacco Settlement Authority

The Legislature authorized, and Governor Gary Locke signed into law on April 4, 2002, legislation establishing the Tobacco Settlement Authority (the “Authority” or “TSA”). The legislation authorized the Authority to issue revenue bonds backed by not more than 30% of the state’s allocable share of the revenue stream from the 1998 Master Settlement Agreement (MSA) between the state and the participating tobacco manufacturers. The resulting bond issue in the amount of $517.9 million was completed in 2002.

In 2013 the Tobacco Settlement Authority refinanced the remaining 2002 Bonds. Tax-exempt refunding revenue bonds of $334.7 million were issued and closed on October 17, 2013.

In 2018 the Tobacco Settlement Authority refinanced an allowable portion of the 2013 bonds. Tax-exempt refunding revenue bonds of $43.6 million were issued and closed on June 20, 2018.

 
Washington State Tobacco Settlement Authority
1000 2nd Avenue, Suite 2700, Seattle, WA 98104
Tel 206-464-7139 | Fax 206-587-5113 | Privacy Notice