N.Y.C. to Sue State to Get Tax Revenues

Braun, Martin Z.
August 2003
Bond Buyer;8/13/2003, Vol. 345 Issue 31698, p1
Trade Publication
Reports on the intention of New York City to sue New York State in order to force the state to comply with a law authorizing the transfer of $170 million in state sales tax revenue to the city and enable the city to proceed with a bond sale as of August 13, 2003. Challenges posed due to refinancing of debt issued by the Municipal Assistance Corp. in the city; Amount of bond transactions planned by the city; Criticism of the planned lawsuit by Local Government Assistance Corp.


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