In this story from The Associated Press, I tried to provide some context to the recent $807 million tobacco bond deal that was made final Tuesday. I consulted the National Association of State Retirement Administrators to see how the influx of cash would improve the funding ranking of the teacher pension plan.
I also spoke to Attorney General Darrell McGraw, who made West Virginia just the third state to file the sort of lawsuit that resulted in the historic, multibillion-dollar settlement with the tobacco industry.
MetroNews covered the Tuesday event as well, as did The Charleston Gazette.
27 June 2007
Tobacco Bonds
Posted by Lawrence Messina at 9:00 AM
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