TITLE

California Schools on Notice

AUTHOR(S)
Saskal, Rich
PUB. DATE
March 2011
SOURCE
Investment Dealers' Digest;3/11/2011, Vol. 77 Issue 10, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the concern of California Attorney General Kamala Harris regarding the misuse of original issue premiums by school districts in the state. It mentions that a letter from Harris has put bond attorneys, issuers and underwriters on notice for the unauthorized sale of school bonds. It cites that under the state's law, any premiums, whether legitimate or not, must be banked into a special fund and applied to pay debt service.
ACCESSION #
59512908

 

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