Reuters: Bankruptcy News: San Bernardino short-term proposal: suspend debt payments

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San Bernardino short-term proposal: suspend debt payments Jul 24th 2012, 19:15 SAN FRANCISCO, July 24 | Tue Jul 24, 2012 3:15pm EDT SAN FRANCISCO, July 24 (Reuters) - San Bernardino, California, which is planning to file for bankruptcy, would suspend payments on pension obligation bonds and other debt under a three-month proposal to be submitted to the city council on Tuesday. A package of materials on the city council's Web site included the plan for July-September of this year. City staff recommend deferring $3.6 million in debt and lease payments, including on pension bonds and infrastructure bank loans.

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