TITLE

California bill would allow negotiated GOs

AUTHOR(S)
Marois, Michael B.
PUB. DATE
March 1999
SOURCE
Bond Buyer;03/03/99, Vol. 327 Issue 30590, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the petition by California Treasurer Phil Angelides for the Legislature to change the state law so that he can sell general obligation (GO) refunding bonds through negotiation when necessary. Pricing of GO bonds at a competitive auction; Flexibility to time the market and capture the best possible refunding rates.
ACCESSION #
1619700

 

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