LOS ANGELES--A grand jury in Stanislaus County, Calif., said in a recent report that it found "a pattern of mismanagement" relating to the country's capital borrowing and recommended stricter oversight for bond issuance.

The grand jury on June 27 released its third report in connection with public finance matters in the county. Previous reports included criticism of county officials for their handling of gifts from Prudential-Bache Capital Funding, which underwrote various bond issues for the county in the late 1980s.

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