California Government Code ARTICLE 7 - Tobacco Settlement State Securitization

• Section 63049.
  The definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained in that section...
• Section 63049.1.
  (a) Subject to subdivision (c) and subdivision (d), as applicable, the bank is hereby authorized to sell for, and on behalf of, the state, solely as...
• Section 63049.2.
  Notwithstanding any other provision of this division, Article 3 (commencing with Section 63040), Article 4 (commencing with Section 63042), and Article 5 (commencing with Section...
• Section 63049.3.
  Any sale of some or all of the tobacco assets under this article shall be treated as a true sale and absolute transfer of the...
• Section 63049.4.
  (a) On and after the effective date of each sale of tobacco assets, the state shall have no right, title, or interest in or to the...
• Section 63049.5.
  The state acknowledges and agrees that its 57 counties, the Cities of San Jose, Los Angeles, and San Diego, and the City and County of...
• Section 63049.55.
  (a) The Tobacco Asset Sales Revenue Fund is hereby established in the State Treasury for the purpose of maintaining a separate account for the investment of...

Last modified: October 22, 2018