Ontario Tobacco Asset Securitization Corp

Ontario Tobacco Asset Securitization Corporation


The Ontario Tobacco Asset Securitization Corporation (OTASC) 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 and was established on July 2, 2001. The OTASC is legally separate from the County of Ontario, New York (the county); however it is a blended component unit of the county and accordingly is included in the county’s financial statements.