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Mr. Montgomery said he was unaware of the bond guarantee involving the state pension fund.
Healthier banks, meanwhile, have already cut back on their use of the bond guarantee program.
Ending a Guarantee The government's bank bond guarantee plan has been a big success.
Now, there's no remaining need for the bond guarantee program, and officials should wind it down.
The ADB will also be able to build on its role in developing regional bond markets through the creation of a corporate bond guarantee scheme.
The state education agency is also auditing the district's use of bond money, according to a January letter addressed to Mr. Thomas, which questions whether the district has complied with state law governing Texas' bond guarantee program.
Similar(47)
Alterations to some federal Build America bond guarantees are under consideration.
The lessee shall submit a bond guaranteeing payment of the deferred portion of the bonus, in accordance with § 581.33.
In other places, bond guarantees have been time bombs, causing problems too severe to be solved in a workout.
Investors find a bond guaranteed to lose value — but not to lose all value — to be worth buying.
On Dec. 31, 2007, the city's bonds and bond guarantees for its agencies totaled about $500 million, many times its revenue of about $61 million, the S.E.C. said.
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