Steve Morgan, President
Lori Pietruniak, Treasurer
The Onondaga 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 Onondaga County and was established on July 3, 2001. It became active on August 8, 2001.
OTASC is legally separate from the County of Onondaga, New York (the County); however it is a blended component unit of the County and accordingly is included in the County’s financial statements.