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STATE EX REL. COMMITTEE v. ALL PERSONS

No. C051749.

62 Cal.Rptr.3d 364 (2007)

152 Cal.App.4th 1386

The STATE of California ex rel. PENSION OBLIGATION BOND COMMITTEE, Plaintiff and Appellant, v. ALL PERSONS INTERESTED IN the MATTER OF the VALIDITY OF the CALIFORNIA PENSION OBLIGATION BONDS TO BE ISSUED, etc., Defendant and Respondent.

Court of Appeal of California, Third District.

July 3, 2007.

Attorney(s) appearing for the Case

Bill Lockyer, Attorney General, Louis R. Mauro and Stacy Boulware Eurie, Senior Assistant Attorneys General, Jennifer K. Rockwell, Deputy Attorney General, Christopher E. Krueger, Supervising Deputy Attorney General, for Plaintiff and Appellant.

M. David Stirling, John H. Findley and Harold E. Johnson, Sacramento, for Defendant and Respondent.

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 circumstances to finance the State's employer obligation to fund pensions. The Committee argued the bonds fall within an exception...

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