West Virginia Lawmakers Approvt $8.5B for Pensions, Workers' Comp

Vaduni, Matthew
February 2005
Bond Buyer;2/1/2005, Vol. 351 Issue 32061, p1
Trade Publication
The article reports that West Virginia Legislature overwhelmingly approved an ambitious debt package over the weekend that may eventually lead to the issuance of up to $8.5 billion of bonds to help finance unfunded liabilities in the state's workers' compensation and pension funds. Joe Manchin, who was sworn in as the state's 34th governor just last month, lauded lawmakers for approving the debt-related measures on Saturday. The package approved by lawmakers on Saturday consisted of two separate measures. The workers' compensation bill passed the House of Delegates on a 84-to-6 vote after the Senate approved it on a vote of 25 to 4.


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