LOS ANGELES - Nearly 30 California public finance professionals who give advice to a state-run debt advisory commission will face conflict of interest problems if a proposed bill becomes law, market participants said this week.

A bill by Assemblyman Byron D. Sher, D-Redwood City, to eliminate the California Debt Advisory Commission could bring about significant changes in the commission's 29-member technical advisory committee, participants and the commission's executive director said.

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