Colorado May Take Tobacco Settlement In Lump-Sum
The Colorado state Legislature's Joint Budget Committee appears
reluctant to support state Treasurer Michael Coffman's proposal
to take Colorado's tobacco settlement in a single $901 million
payment.
The alternative is to take an estimated $2.7 billion
(including inflation) over the next 25 years. Coffman believes
a lump-sum payment would eliminate any risk of the tobacco
companies declaring bankruptcy in the years to come.
Source(s):
USA TODAY, (8/26/99) "Colorado", p. A14
[Full Text: http://www.usatoday.com/news/states/comain.htm]