California Controller Deems $7.5B Warrant Deal Necessary

Finestone, Deborah
April 2002
Bond Buyer;4/25/2002, Vol. 340 Issue 31373, p1
Trade Publication
Reports the issuing revenues anticipation warrants in payment of bills by the state of California. Ability to pay obligations; Request of Kathleen Connell, controller, to Governor Gray Davis on set up of revolving funds; Proceeds of the warrants forwarded to revenue; Integration of financial strategy to maintain credit ratings.


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