TITLE

New Calif. Law Allows RDAs to Aid State With Pooled Bond Issue

AUTHOR(S)
Saskal, Rich
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/23/2004, Vol. 349 Issue 31975, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the signing of a law by California Governor Arnold Schwarzenegger authorizing a taxable pooled-bond program for use by the state's redevelopment agencies to pay for contributions they are required to help balance the state budget in 2004 and 2005. Revenue to be given by state and local governments to the state; Provision of the law for the redevelopment agencies to finance the contribution through a pooled bond; Benefits of the law for some agencies.
ACCESSION #
14528708

 

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