|
|
Enron Mail |
I spoke with Bill and gave him the background on the DA issue (Turn's
core/noncore, the green portfolio, etc) and asked him about some possibilities - i.e. could Loretta delay action until after the Legislature acts on SB18, and/or AB 82, etc. He responded that Loretta likes the SB18 approach, which she sees as cheaper and cleaner. But she also is very loyal to the state and believes the timing is dependent upon the Treasurer's assessment of the need. Right now Angelides accepts counsel's view that DA has to be eliminated to market the bonds. Loretta believes the only authority the Commission has is when to suspend DA, not whether to suspend it. Angelides is continuing to press her to eliminate it, but she had hoped the Legislature would take action to give the Commission some flexibility. That hasn't happened. Their view is that the language of AB 1x needs to be changed legislatively, since their authority is so limited. He expects action in the near future, but doesn't know exactly when.
|