California's $1B GO Sale a First Step in Restructuring Plan

Finestone, Deborah
February 2002
Bond Buyer;2/15/2002, Vol. 339 Issue 31326, p36
Trade Publication
Reports on the status of the sale by California's general obligation bond despite the delay power purchase bond sale and decrease in potential budget. Transaction based on the structure in the official statement; volatility in the state regarding California's budget problem; Need of reimbursement in the general fund; Effect of the power bond on the finance of the state; Efforts of state in school financing.


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