California Debt Allocation Committee Publishes Procedures for 2002 Bond Allocation

Wednesday, January 2, 2002 - 8:00AM

The California Debt Allocation Committee (CDLAC) late last month published proposed procedures for its 2002 bond allocation. The revision includes, among other things, requirements for market studies and changes to what constitutes a “taxable tail.” Written comments on the changes will be accepted through February 1. According to a revised allocation schedule, the application deadline for the first of three rounds has been set for January 23; the proposed changes will take effect by the second allocation round, for which applications are due April 17.

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