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.
2013 Refinancing: Press Release and FAQ (PDF)
Independent Municipal Advisor Exemption
The Tobacco Settlement Authority is requesting proposals from qualified firm(s) in order to obtain investment banking and underwriting services for the ongoing activities of the Authority. (PDF)
Underwriter RFP – Response to Requests for Clarifications and Inquiries
More About Us | Public Records Request
Washington State Tobacco Settlement Authority
1000 2nd Avenue, Suite 2700, Seattle, WA 98104
Tel 206.464.7139 | Fax 206.587.5113 | Privacy Notice