California to offer $2B in tax-exempt power-revenue bonds

05/3/2010 | Bloomberg Businessweek

California plans to offer $2 billion worth of bonds in what would be the second-largest tax-exempt sale so far this year. The state is going to market in order to refinance debt from a power crisis in 2001 and 2002. In general, state and local governments are issuing fewer tax-exempt bonds because competing Build America Bonds are enhanced with federal subsidies, according to this article.

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