Osos district wants judge to free up ...

Osos district wants judge to free up frozen funds

There are 1 comment on the www.topix.net story from Apr 1, 2008, titled Osos district wants judge to free up frozen funds. In it, www.topix.net reports that:

Claiming it has no money to pay for attorneys, the Los Osos Community Services District will ask a bankruptcy court judge in Santa Barbara for permission to spend $200,000 of frozen funds from a defaulted state loan.

Services district officials hope to use that money to pay much of the costs of binding arbitration with the three contractors who had been hired for a now-defunct sewer project.

The money would come from what's left of a $6.5 million installment from a $135 million low-interest state loan. Read more

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in the shi__er

Templeton, CA

#1 Apr 5, 2008
Looks like the last of 165 mil will go down the drain also. But what better place than in the Shi__er with the attorneys

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