TITLE

California to Appeal POB Ruling

AUTHOR(S)
Saskal, Rich
PUB. DATE
October 2003
SOURCE
Bond Buyer;10/2/2003, Vol. 346 Issue 31732, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the decision of California officials to challenge a lower-court ruling over the legality of the state's planned sale of pension obligation bonds. Utilization of general fund to make payments; Assessment of the state constitutional limits on debt; Violation of state constitutional provision prohibiting the state from undertaking debt; Rate of the pension payments for the current fiscal year.
ACCESSION #
10985333

 

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