West Virginia High Court Hears Arguments for $4B Pension Deal

Newman, Emily
September 2004
Bond Buyer;9/2/2004, Vol. 349 Issue 31961, p32
Trade Publication
Reports on the hold of a court hearing on the possible sale of bonds to finance the unfunded pension liabilities for several state retirement funds in West Virginia. Use of the taxable pension bond issue to fund the liabilities of a teachers' pension fund; Lack of authority of the state to issue general obligation bonds without voter consent; Arguments regarding the unconstitutionality of the proposed bond issue.


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