U.S. Court of Appeals for the Fourth Circuit
ACA Financial Guaranty v. City of Buena Vista, Virginia
This writing
- Type
- Opinion
- Filed
- Feb. 21, 2019
- Case
- ACA Financial Guaranty v. City of Buena Vista, Virginia
- Case status
- Decided
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Opening text
The first passage of the document, as extracted by the source provider.
QUATTLEBAUM, Circuit Judge: In this appeal, we review an order dismissing a complaint that arose from a troubled bond transaction involving a municipal golf course in the City of Buena Vista, Virginia (the "City"). Bonds were issued to refinance debt on the golf course and the repayment of the bonds depended on the City making payments on the lease of the golf course. When it failed to…
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