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Keyword: tearsup

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  • CA: AP NewsBreak: Plan tears up credit card, maintains school money

    01/06/2005 1:56:40 PM PST · by NormsRevenge · 20 replies · 566+ views
    Bakersfield Californian ^ | 1/6/05 | Tom Chorneau & Jennifer Coleman - AP
    SACRAMENTO (AP) - A sweeping constitutional amendment proposed by Gov. Arnold Schwarzenegger would essentially tear up another of the state's big credit cards, limiting future Legislatures' ability to borrow from special accounts to pay general government expenses, the governor's finance director said Thursday. Aimed primarily at two funds that have been raided repeatedly - schools and transportation - as well as other special funds, the proposal is the centerpiece of a reform package Schwarzenegger will send the Legislature during a special session that began Thursday. If approved by lawmakers and the voters, the administration said those reforms will help fix...