Legal Opinion
State ex rel. Pension Obligation Bond Committee v. All Persons Interested In re of the Validity of the California Pension Obligation Bonds to be Issued
California Court of Appeal
Decided July 3, 2007No. C051749PublishedCited by 4 opinions
1Opinion of the Court
Opinion
HULL, J.
The State of California (the State), through its Pension Obligation Bond Committee (the Committee), brought this action pursuant to Government Code section 16934 and Code of Civil Procedure section 860 et sequitur to obtain a declaration of the validity of recent legislation authorizing the issuance of bonds under certain limited circumstarices to finance the State’s employer obligation to fund pensions. The Committee argued the bonds fall within an exception to a state constitutional limitation on the creation of new debt (Cal. Const, art. XVI, § 1; unspecified article…
2Cases cited20 opinions
- Betts v. Board of AdministrationCalifornia Supreme Court · 1978
- California Housing Finance Agency v. ElliottCalifornia Supreme Court · 1976
- Valdes v. CoryCalifornia Court of Appeal · 1983
- Board of Administration v. WilsonCalifornia Court of Appeal · 1997
- City of Los Angeles v. OffnerCalifornia Supreme Court · 1942
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3Cited by4 opinions
- County of Orange v. Association of Orange County Deputy SheriffsCalifornia Court of Appeal · 2011
- Taxpayers for Improving Public Safety v. SchwarzeneggerCalifornia Court of Appeal · 2009
- Opinion No. (2009), California Attorney General Reports2009
- STATE EX REL. COMMITTEE v. All PersonsCalifornia Court of Appeal · 2007