BROOME TOBACCO ASSET SECURITIZATION CORPORATION

Broome Tobacco Asset Securitization Corporation ("the Corporation") is a special purpose, bankruptcy-remote local development corporation organized under the Not-For-Profit Corporation Law of the State of New York (the "State"). The Corporation was established on June 21, 2001, however there were no substantive operations until July 15, 2001 as discussed herein. The Corporation is an instrumentality of, but separate and apart from the County of Broome, New York (the "County"). The Corporation has five directors, including the County Executive, the Director of the Office of Management and Budget, the Chairman of the County Legislature, the Minority Leader of the County Legislature and one independent director. Although legally separate from the County, the Corporation is a component unit of the County, and accordingly, is included in the County's financial statements as a descretely presented component unit.