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Sandag ponders loaning state money for local road projects: transportation: contractors worried about not getting paid due to budget crunch.

Publication: San Diego Business Journal
Publication Date: 28-JUL-03
Format: Online - approximately 538 words
Delivery: Immediate Online Access
Full Article Title: Sandag ponders loaning state money for local road projects: transportation: contractors worried about not getting paid due to budget crunch.(San Diego Association of Governments may loan state $10 mn)

Article Excerpt
San Diego officials have taken the unusual step of lending the state some money to prevent several local transportation projects from being shut down. But the state warns this might not be enough.

The San Diego Association of Governments is debating whether to loan the state $10 million a month, for up to three months, to continue construction during California's budget crisis. As early as July 10, state officials had warned that highway contractors would walk off the job...

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