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California CAB Underwriters May Pay in Spring

NOV 6, 2012 2:26pm ET

California Treasurer Bill Lockyer's office said underwriters involved in "egregious" local capital appreciation bond deals will likely be cut out of state bond business in the spring unless the debt is restructured.

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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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