After several failed attempts, the 2007 Legislature gave the state the green light to scoring some quick cash by selling bonds backed by future tobacco settlement payments.
But as West Virginia prepares to issue about $800 million in bonds, other states have already sold investors on $9.4 billion in such securities since January, The Charleston Gazette reports.
The Associated Press also has a story.
01 May 2007
W.Va. Finds Crowded Market For Tobacco Bonds
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2 comments:
Unger has very weak support in the Eastern Panhandle from Democrats. He will have no luck in raising money from Shepherdstown and the liberals in Jefferson County.
Well said above poster. That's how much I care about tobacco bonds, too.
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