August 1, 2006 - California State Treasurer

The State has not issued RANs since fiscal year 2014-15. Special Bond Issues. Occasionally, the State will issue debt by securitizing streams of revenues via a special bond issue, which are payable from anticipated reimbursements or payments such as the Tobacco Settlement Asset-Backed Bonds or the Federal Highway Grant Anticipation Bonds (GARVEE). ................
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