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Small investors won't get preference in state bond sale external link

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latimesblogs.latimes.com | by Tom Petruno | Fri, Apr 17

latimesblogs.latimes.com is the #1 Blogger for United States Department of the Treasury

The state is issuing taxable bonds, rather than normal tax-exempt securities, because some of the bonds will be sold under the federal government’s Build America Bonds plan. The program allows states and other muni issuers to sell taxable bonds to fund infrastructure projects and have...

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