Orange County
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What to Do Now? Representatives from municipalities, schools and special districts that invested in the now-bankrupt Orange County investment pool will meet at 2 p.m. Wednesday at Irvine City Hall to discuss the bankruptcy plan proposed last week by the Orange County Business Council. While the Orange County Board of Supervisors has endorsed it, investors have not formally voted on the plan that would immediately return to investors 77 cents on every dollar invested as of Dec. 6, when the county filed its bankruptcy petition. It is uncertain, however, whether investors will vote on the plan during the meeting, which is closed to the public.
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