CALIFORNIA IN BRIEF : SACRAMENTO : Bonds Providing Raiders Funds OKd

The largest bond issue in Sacramento’s history was unanimously approved by the City Council, with about half of the revenue designated to pay the Los Angeles Raiders $50 million if the football team moves to the state capital. Sale of $96.5 million in tax-exempt bonds will be closed on Nov. 28, said City Treasurer Thomas Friery. Gregg Lukenbill, owner of the Sacramento Kings professional basketball team and head of an investment group trying to lure the Raiders to Sacramento, said he expects the Raiders to decide early in December whether to move.