SEC questions LA Unified on use of bonds for iPad project

April 17, 2015 12:48 AM

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The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide an iPad for every student.

Lawyers for the nation's second-largest school district and an outside firm met at the SEC's Los Angeles office in late March to answer questions about the use of bonds for the iPad project and whether officials had publicly disclosed how the funds would be used.

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