Buckeye Tobacco Settlement Financing Authority
The Buckeye Tobacco Settlement Finance Authority (BTSFA) was created in June 2007 (House Bill 119 of the 127th General Assembly) for the sole purpose of purchasing and receiving any assignment of tobacco settlement receipts ("TSRs") pursuant to the Tobacco Master Settlement Agreement (the "MSA") and issuing obligations to provide financing of essential State functions and facilities. BTSFA, codified in ORC section 183.52, is a body both corporate and politic comprised of the Governor, Treasurer, and the Director of Budget and Management. In October 2007, the Authority entered into a Purchase and Sale Agreement with the State wherein the State transferred to the Authority all of its rights and interests under the MSA between all participating States and the participating Tobacco manufacturers. These rights include the State’s share of all TSRs received on or after October 29, 2007 to be received under the MSA until the date on which all bonds have been fully repaid.
BTSFA Bylaws ![]() |
BTSFA Series 2007 Bond Documents
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Pledged Tobacco Receipts — Actuals v. Projections ![]() |
Annual Pledged Receipts and Coverage Calculations ![]() |
BTSFA Engagement of Independent Registered Municipal Advisors
2018 BTSFA Annual Disclosure ![]() |
2017 BTSFA Annual Disclosure ![]() |
2016 BTSFA Annual Disclosure ![]() |
2015 BTSFA Annual Disclosure ![]() |
2014 BTSFA Annual Disclosure ![]() |