ATLANTA -- A West Virginia circuit court judge last Friday ruled in favor of a lawsuit that challenged the state School Building Authority's issuance of bonds without voter approval.

Unless overturned by a higher court, the ruling will prevent the authority from moving forward with a planned sale of $338 million in new-money and refunding debt on hold since mid-June.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.