Tag: capital appreciation bonds
Alejo targets risky school bonds with new bill
Assembly Bill 182, authored by Assemblymember Joan Buchanan (D-Alamo) with Assemblymember Luis Alejo (D-Salinas) as a principle co-author, passed the Assembly Floor today with a vote of 75-0. This bill establishes strict parameters for school districts and community college districts when issuing capital appreciation bonds, or CABs.
