ATLANTA - A sate circuit court judge Friday prohibited the state's School Building Authority of West Virginia from issuing about $3340 million of revenue bonds until a lawsuit challenging the legality of the appropriation-backed issue is resolved.
The lawsuit was initially filed June 14 in the state Supreme Court by two taxpayers, William S.E. Winkler and Diane Hickle. The charging that because the authority backs its debt with appropriations from the state Legislature. the bonds are general obligation debt and require voter approval.