LOS ANGELES -- In a move that foreshadows a change in underwriter selection policies, Los Angeles County supervisors yesterday approved a recommendation by the newly appointed treasurer and tax collector, Larry J. Monteilh, to place key public finance responsibilities under his control.

The motion, by supervisor Edmund D. Edelman, was approved on a 5-to-0 vote with no discussion. It effectively splits public finance decisions between two powerful county departments -- the treasurer-tax collector and the chief administrative office.

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