California must repay national mortgage settlement cash used to balance state budget

 In breaking

The California Supreme Court refused earlier this week to hear an appeal by the administration disputing lower court rulings that found the state mistakenly used a portion of the money — paid by large banks and lenders as part of a nationwide legal agreement in 2012 — to pay off housing bonds.

from California https://www.latimes.com/california/story/2019-07-19/california-331-million-mortgage-settlement-state-budget-lawsuit
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