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Richard A Mcmanus

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CALIFORNIA | LOCAL
April 6, 1994 | IRENE WIELAWSKI, TIMES STAFF WRITER
The former head of a state loan guarantee program testified Tuesday that his boss manipulated the voting majority on a key advisory committee in order to push through a controversial $167-million loan guarantee in December, 1990. The recipient of the guarantee was Triad Healthcare of Encino, which has defaulted and filed for federal bankruptcy protection. Because the loan was guaranteed by the state, taxpayers are potentially liable for Triad's debt. Richard A.
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CALIFORNIA | LOCAL
April 6, 1994 | IRENE WIELAWSKI, TIMES STAFF WRITER
The former head of a state loan guarantee program testified Tuesday that his boss manipulated the voting majority on a key advisory committee in order to push through a controversial $167-million loan guarantee in December, 1990. The recipient of the guarantee was Triad Healthcare of Encino, which has defaulted and filed for federal bankruptcy protection. Because the loan was guaranteed by the state, taxpayers are potentially liable for Triad's debt. Richard A.
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NEWS
May 1, 1994 | IRENE WIELAWSKI, TIMES STAFF WRITER
When a new Beverly Hills company sought a loan guarantee from the state, its goal seemed laudable: to expand residential care services in poor neighborhoods of Los Angeles County. The company, though, did not meet the state's financial requirements, and one of its facilities had a history of serious health and safety violations. Still, the state's Cal-Mortgage program granted $17 million in loan guarantees to Community Adult Care Centers of America Inc. four years ago.
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