Leaving Los Angeles: Secession measure passes legislature; now it awaits Wilson

Jacobius, Arlene
September 1997
Bond Buyer;09/16/97, Vol. 321 Issue 30231, p5
Trade Publication
Reports on the bill passed by California legislators giving the San Fernando Valley region an opportunity to secede from Los Angeles. Senate's earlier approval of the legislation; San Fernando Valley citizens' view on the subsidy of Los Angeles neighborhoods; Credit implication of the move for secession; Possible effects on lease revenue and general obligation bonds.


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