LOS ANGELES -- An $82 million Sun Valley Public Improvement Corp. bond issue that funded a road through undeveloped land west of Phoenix might face an accelerated payoff this month, according to a disclosure notice released Friday.

The Sun Valley assessment lien refunding bonds, Series 1987 A, can become immediately due and payable if a letter-of-credit provider declares a default in connection with a complex reimbursement agreement, the notice says.

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