{"id":7406,"date":"2010-01-28T13:10:41","date_gmt":"2010-01-28T21:10:41","guid":{"rendered":"http:\/\/www.carlsbadistan.com\/?p=7406"},"modified":"2010-01-28T13:10:47","modified_gmt":"2010-01-28T21:10:47","slug":"poseidon-gets-530-million-in-bonds","status":"publish","type":"post","link":"https:\/\/www.carlsbadistan.com\/?p=7406","title":{"rendered":"Poseidon Get&#8217;s $530 Million In Bonds"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.poseidonresources.com\/\">Poseidon Resources Corp<\/a><\/strong>, the company that plans to build the desalination plant on the Agua Hedionda lagoon say they were just approved for $530 million in tax exempt bonds from the State of California, according to a story in the <strong><em><a href=\"http:\/\/www.nctimes.com\/business\/article_f3acb5a4-135a-50b2-9c18-af55b215cffd.html\" target=\"_blank\">North County Times<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>The Private Activity Bonds were approved by the California Debt Limitation Allocation Committee. These bonds are used to finance private projects judged to benefit the public. . . Peter MacLaggan, Poseidon&#8217;s senior vice president, said in a statement that the bonds&#8217; tax-exempt status means they can sell for a lower interest rate than taxable bonds, lowering the cost of the desalinated water to the buyers.<\/p><\/blockquote>\n<p>Isn&#8217;t it nice when the Government helps private business?<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.nctimes.com\/business\/article_f3acb5a4-135a-50b2-9c18-af55b215cffd.html\" target=\"_blank\">North County Times<\/a><\/strong><strong>]<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Poseidon Resources Corp, the company that plans to build the desalination plant on the Agua Hedionda lagoon say they were just approved for $530 million in tax exempt bonds from the State of California, according to a story in the North County Times. The Private Activity Bonds were approved by the California Debt Limitation Allocation [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,16,22],"tags":[],"_links":{"self":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/7406"}],"collection":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7406"}],"version-history":[{"count":1,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/7406\/revisions"}],"predecessor-version":[{"id":7407,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/7406\/revisions\/7407"}],"wp:attachment":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}