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CEI |
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In the case of 80/20 projects, approximately 15% to 25% of the total CEI must be collateralized by back-up equity from the owner/developer, with the balance of the CEI provided on a non-recourse basis. In addition to the Compact Clause, CEI says, the MSA violates federal antitrust law, bankruptcy law (by giving the states privileged status as creditors), the Federal Cigarette Labeling and Advertising Act (by regulating cigarette advertising and promotion, an area the law reserves to Congress), and the First Amendment (by restricting advertising and lobbying). Argentina's CEI connects the first Latin American high-tech media empire, but gets shocked in the process. |
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