Policy & Legislation
PMIB Update: Fall Bond Sale Anticipated
August 26, 2009
According to his staff, State Treasurer Bill Lockyer intends to sell general obligation bonds this fall. The state Department of Housing and Community Development (HCD) will be eligible to receive some of the proceeds to fund its Proposition 46 and 1C awards.
The ad-hoc PMIB Coalition is closely following the treasurer's actions. At least $400 million in additional bond funds are required to cover the HCD awards made to date.
The coalition also will meet with HCD Director Lynn Jacobs in September to discuss her allocation of funds currently available to the department from March PMIB loans and April bond sales.
Contact Julie Snyder, 916.447.0503 x102 or .
