The successor agency to Monrovia, Cali's redevelopment agency refunded a five-year note that went into default last summer during the months it took to get approval from the state to refinance.
Monrovia, Calif., Refunds Defaulted RDA Notes
FEB 25, 2013 4:45pm ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
the bond buyer conferences
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