PUSD Illegal cash-out bond refunding
Original post made by PEVC, Another Pleasanton neighborhood, on Mar 26, 2011
However, the CA Attorney General in January 2009 said
“Absent specific approval from the district’s electors, a school district may not issue refunding general obligation bonds at a price or an interest rate that will generate proceeds in excess of the amount needed to retire the designated outstanding bonds.”
The Attorney General’s report is here Web Link
A Bloomberg article on how school districts used this illegal maneuver is here Web Link
So, who’s telling the truth?
The California Attorney General or Asst. Supt. Luz Cazares?
Nominations due Monday for TV30’s Tri-Valley ‘Coach of the Year’ award
By Jeb Bing | 0 comments | 196 views
Readers' Choice Ballot is here
It's time to decide what local business is worthy of the title "Pleasanton Readers' Choice" — and you get to decide! Cast your ballot online. Voting ends May 21st. Stay tuned for the results in the June 23rd issue of the Pleasanton Weekly.