ORANGE COUNTY IN BANKRUPTCY : Daily Developments

Here’s how events surrounding the county’s ongoing bankruptcy crisis unfolded Monday:

* Orange County district attorney’s investigators removed boxes of documents from the treasurer-tax collector’s office and also collected audits of the county investment portfolio conducted by the county auditor-controller, Steve E. Lewis.

* Salomon Brothers, the company handling the liquidation of the county’s fund portfolio, said the county will realize $598 million from the $1.39 billion raised in the first sale of securities. The nearly $800-million balance was used to settle outstanding loans to the fund.

* The City of Anaheim decided against accepting an $8.5-million disbursement from the county, because the money would have been restricted to emergency payroll and purchasing commitments. The city will re-evaluate its position after Christmas.

* A special state Senate committee met for the first time to discuss legislative reforms to prevent bankruptcies similar to Orange County’s.

* Disbursements totaling $126.6 million were approved by a federal bankruptcy judge--chief among them, $115 million to the county Department of Education, community colleges and other schools.

* The Securities and Exchange Commission filed the necessary documents allowing it to become part of the bankruptcy proceedings and monitor distribution of funds.