Chemung Tobacco Asset Corporation

Form of
Notice of Annual Meetings
Under the Open Meetings Law for
Chemung Tobacco Asset Securitization Corporation

The Sole Member and the Board of Directors of the Chemung County Tobacco Asset
Securitization Corporation will be conducting their annual meeting at 9:00 a.m. on Friday, March
3, 2023. The meeting will be held in the second floor conference room, Hazlett Building, 203
Lake Street, Elmira, NY 14901. These meetings are annual meetings.
This notice is given in order to comply with open meetings law. All interested parties are invited
to attend.
A live stream of the meeting can be accessed through the following link:
Dated: February 21, 2023

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Board of Directors

  • Christopher Moss, President
  • Jennifer Furman, Treasurer
  • Steven Hoover, Secretary
  • David Manchester, Sole Member
  • Dr. Richard Terry, Independent Director

Audit & Finance Committee Members

  • Jennifer Furman
  • Steven Hoover
  • Dr. Richard Terry

Governance Committee

  • Jennifer Furman
  • Steven Hoover
  • Dr. Richard Terry


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.

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