March 1 Deadline Set for Joining California Pooled-Bond Program

Saskal, Rich
December 2004
Bond Buyer;12/21/2004, Vol. 350 Issue 32034, p1
Trade Publication
The article reports that a more detailed timeline is in place for redevelopment agencies in California that want to join a bond program enabling them to stretch out payments they are required to make to the state this May. California's fiscal 2005 budget required the state's redevelopment agencies to pay a total of $250 million to help bring the state budget closer to balance. The state is pulling a total of $1.3 billion from local governments this year, including the $250 million from the redevelopment agencies.


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