Representatives of CSAC and the CSAC Finance Corporation met with ratings agencies and investor groups earlier this week to brief them on California’s state budget situation, the challenges facing California’s counties, and details about California Communities’ upcoming Tax and Revenue Anticipation Note (TRANs) sale.
The Government Finance Officers Association (GFOA) has provided some clarification with respect to how recent legislative activity affects the Build America Bonds (BABs) program and other tax credit bond programs.