LOS ANGELES -- Local officials recently expressed concern about a growing deficit in the funds backing a $26.1 million mortgage revenue bond issue sold by two California cities in 1982.

"We want to know aht's causing this alleged deficit and what we can do about fixint it," said A1 Huezo, assistant city manager for the city of Newark, which is in Northern California.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.