Poizner Seeks to Block State Fund Sale

Written by CA Political News on August 28, 2009, 11:54 AM

Poizner Seeks to Block State Fund Sale

By HOWARD FINE, Los Angeles Business Journal Staff, 8/27/09 


State Insurance Commissioner Steve Poizner announced Thursday he will file a lawsuit to block the sale of $1 billion worth of assets of State Compensation Insurance Fund designed to help close a mammoth budget deficit.

As part of the budget package signed in June, Gov. Arnold Schwarzenegger and the Legislature agreed to attempt to sell part of State Compensation Insurance Fund