SAN FRANCISCO - A bill that would settle a developer's lawsuit and allow the city of Half Moon Bay to avoid paying an $18 million settlement cleared the California Assembly last week and now awaits disposition in the Senate.

AB 1991 was introduced as a vehicle to implement the settlement, which was negotiated in the wake of a legal setback that threatened to bankrupt the city.

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.