Pennsylvania, when its lawmakers convene next week, looks to become the latest state to consider issuing bonds to pay for  billions of dollars in debt related to unemployment benefits.

Legislation to allow the state’s Division of Labor and Industry to issue bonds to refinance loans from the U.S. Department of Labor passed the House unanimously last week, and is headed to the Senate. The Pennsylvania Economic Development Financing Authority would be the conduit issuer.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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