Arizona Rushes to Disclose

Williamson, Richard
July 2010
Bond Buyer;7/7/2010, Vol. 373 Issue 33345, p1
Trade Publication
The article reports on the plan of Arizona to revise disclosure bond market notices after a line-of-credt loss with Bank of America Corp. It notes that the credit loss is caused by the decision of the state treasurer not to renew the line of credit in June 2010. The state is said to only have about 80 days to develop a plan to balance the fiscal 2011 budget and ensure that cash is available for it to operate.


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