LOS ANGELES -- California's bond community is analyzing ways to use a new tax-exempt bond law that may help clean up the state's toxic waste sites.

Under a law enacted in May, public agencies can now use tax-exempt bond proceeds to pay for hazardous waste cleanup on both public and private property. The law expands the Mello-Roos Community Facilities Act of 1982, which allows an agency to create special districts and then use levies from property owners to back bonds.

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