SAN FRANCISCO - With California's budget crisis grinding most of its bond-financed infrastructure programs to a halt, a state board yesterday approved a new policy designed to make it easier to privately place new state general obligation debt.

The Pooled Money Investment Board approved the policy in a regular meeting yesterday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.