California Secures $4.3B in Loans

Finestone, Deborah
June 2001
Bond Buyer;6/27/2001, Vol. 336 Issue 31169, p1
Trade Publication
Reports that the California Department of Water Resources has closed on a $4.3 billion in bridge loans for use in the financing of electric power purchases until the state's sale of revenue bonds in September or October 2001. Impact of the loans on the state's fiscal position and credit ratings; Funds previously used by the state to fund its power purchases.


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