Valley News -

By City News Service
Special to Valley News 

Board clears way for school districts to issue bonds independently


Last updated 12/14/2018 at 4:53am

Qualifying community college and K-12 school districts in Riverside County now have the option to issue general obligation bonds with minimal involvement by the county, thanks to a policy change approved last week by the board of supervisors.

In a 5-0 vote without comment, the board adopted a resolution that clears the way for governing boards of education to manage their own bond sales, as long as they have not been flagged by the county Office of Education for irregularities.

The new practice effectively takes the county Office of the Treasurer-Tax Collector out of the front-end positio...

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