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Tag: interest

Slow Distribution of Bond Funds Costs California Millions

November 7, 2012 | 12:19 pm

Slow Distribution of Bond Funds Costs California Millions

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by Jennifer Gollan, The Bay Citizen Some California agencies and departments have been slow to distribute proceeds from bond sales for local projects, costing the state at least $49 million in interest each year even as it has struggled to address chronic budget shortfalls. As of June, according to the most recent figures available, the […]

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