State Treasurer Calls for Aggressive Investigation into School Bond Deals

Though Poway Unified has taken a major publicity hit for its controversial billion-dollar bond deal, it's not the only school district in the state under the glare of suspicious eyes.

State Treasurer Bill Lockyer, who has said PUSD's bond staff should be fired, was in San Diego on Tuesday for a bond financing workshop with county school officials and called for an aggressive investigation into school bond deals, according to a Voice of San Diego report:

Lockyer said he's concerned that districts are increasingly striking deals with underwriters that require the underwriters to donate to the campaigns. In exchange, the underwriters get lucrative, exclusive bond deals. That's essentially the same thing as using public money to campaign with, he said.

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