Ulster Tobacco Asset Securitization Corporation

The Ulster Tobacco Asset Securitization Corporation (UTASC) 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 January 12, 2001.   The UTASC is legally separate from the County of Ulster, New York (the County); however it is a blended component unit of the County and accordingly is included in the County’s financial statements.





The Board of Directors of the ULSTER TOBACCO ASSET SECURITIZATION CORPORATION (the “Corporation”) will convene a meeting at 244 Fair Street, 6th floor, Kingston, New York 12402, in the Karen Binder Library on April 11, 2024, at 10:00 AM. 


 The meeting shall convene for the purposes of, among other things, receiving the annual report, appointing Directors, and transacting such other business as may properly come before the meeting.

Notice of Public Meeting





Organizational Chart 2023

Mission Statement & Performance Measures

Finance Committee Charter

Audit Committee Charter

UTASC By-Laws.pdf

UTASC Code of Ethics

UTASC Whistleblower Policy

UTASC Procurement Policy

UTASC Financial Statement 2023

UTASC Schedule of Cash and Investments 2023



Board Meeting Minutes

UTASC Board Meeting Minutes 2023 (Draft)

UTASC Board Meeting Minutes 2021

UTASC Board Meeting Minutes 2020

UTASC Board Meeting Minutes 2019

UTASC Board Meeting Minutes 2018

UTASC Board Meeting Minutes 2017

UTASC Board Meeting Minutes 2016

UTASC Board Meeting Minutes 2015

UTASC Bond Refunding Meeting Minutes 2015

UTASC Board Meeting Minutes 2014

UTASC Board Meeting Minutes 2013

UTASC Board Meeting Minutes 2012


Financial Statements & Reports

UTASC 2023 Auditor Communications

UTASC 2023 Investment Report

UTASC 2023 Budget Report

UTASC 2022 Financial Statements

UTASC 2022 Investment Report

UTASC 2022 Auditor Communications

UTASC 2021 Financial Statements

UTASC 2021 Investment Report

UTASC 2021 Auditor Communications

UTASC 2021 Public Authorities Report

UTASC 2020 Financial Statements

UTASC 2020 Investment Report

UTASC 2020 Auditor Communications

UTASC 2020 Public Authorities Report

UTASC 2019 Financial Statements

UTASC 2019 Investment Report

UTASC 2019 Auditor Communications

UTASC 2019 Public Authorities Report

UTASC 2018 Financial Statements

UTASC 2018 Investment Report

UTASC 2018 Auditors Communication

UTASC 2018 Public Authorities Report

UTASC 2017 Financial Statements

UTASC 2017 Investment Report

UTASC 2017 Auditors Communication

UTASC 2017 Public Authorities Report

UTASC 2016 Financial Statements

UTASC 2016 Investment Report

UTASC 2016 Auditors Communication

UTASC 2015 Financial Statements

UTASC 2015 Investment Report

UTASC 2015 Auditor Communication

UTASC 2014 Financial Statements

UTASC 2014 Investment Report

UTASC 2014 Auditor Communication

UTASC 2013 Financial Statements

UTASC 2013 Investment Report

UTASC 2012 Financial Statements

UTASC 2012 Investment Report

UTASC 2011 Financial Statements

UTASC 2011 Investment Report



UTASC 2022 Budget Report

UTASC 2021 Budget Report

UTASC 2020 Budget Report

UTASC 2019 Budget Report

UTASC 2018 Budget Report

UTASC 2017 Budget Report

UTASC 2016 Budget Report

UTASC 2015 Budget Report

UTASC 2014 Budget Report

UTASC 2013 Budget Report

UTASC 2012 Budget Report

UTASC 2011 Budget Report