The spectral problem for the Bessel equation of order v on (0, infinity) in
the case 0 < v < 1 is closely related to the Nevanlinna function Q(z) = -
pi( - z)(v)/(2 sin pi v). If v > 1 and v not equal 2, 3,..., this function
belongs to the generalized Nevanlinna class N-m, m = [v+1/2]. A natural que
stion appears: To what spectral problem does this function correspond! We a
nswer this and related questions using Pontryagin space operator realizatio
ns of suitable singular point-like perturbations of the Bessel operator. In
this paper we discuss the spectra of these realizations and we derive eige
nfunction expansions via related wave operators. (C) 2000 Academic Press.