Angelides Blames Schwarzenegger for Tribes Deal Delay

Saskal, Rich
December 2004
Bond Buyer;12/27/2004, Vol. 350 Issue 32037, p28
Trade Publication
The article focuses on California Treasurer Phil Angelides who blamed the administration of Governor Arnold Schwarzenegger for delays in a planned bond sale to securitize tribal gambling revenue. He suggested that the administration issue deficit bonds instead to finance planned projects. The state's plan to issue more than $1 billion in a securitization of tribal payments was scaled down to $850 million in October 2004. In a letter to the governor, he publicized, Angelides said the administration was accountable for delays that may keep the bonds off the market indefinitely.


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