ALAMEDA, Calif. — Los Angeles County has withdrawn from the California Statewide Communities Development Authority, the state’s largest conduit issuer.

The withdrawal was finalized last week, after a process that began in 2008 when the county’s staff reviewed its conduit bond policies. The county’s action effectively cuts the CSCDA out of conduit issuance in unincorporated Los Angeles County, home to almost 1.1 million residents.

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