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Calif. Law Drains Value From Redevelopment Bonds: Insurer

By Bibeka Shrestha (August 15, 2012, 10:08 PM EDT) -- Bond insurer Syncora Guarantee Inc. has sued California's government to overturn on constitutional grounds parts of a law that dissolved 400 agencies tasked with revitalizing communities, claiming the provisions interfere with contracts and drastically reduce money available to repay bonds....

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