New York City Argues Allocation In State MAC Legislation Is Legal

August 2003
Bond Buyer;8/20/2003, Vol. 345 Issue 31702, p1
Trade Publication
Reports on the lawsuit between New York City mayor Michael R. Bloomberg and New York governor George E. Pataki over the city's plan to use $170 million money to refinance $2.5 billion in New York City Municipal Assistance Corp. bonds. Arguments of New York City in favor of using the amount; Provisions governing the appropriation of payments by New York Local Government Assistance Corp.; Technical legal problems in the lawsuit.


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