High Court Clearance

McDonald, Michael
May 2004
Bond Buyer;5/14/2004, Vol. 348 Issue 31884, p1
Trade Publication
Reports on the New York high court's ruling against the Local Government Assistance Corp.'s challenge to the state's Municipal Assistance Corp. (MAC) Refunding Act. New York City's plan to finance for another 30 years the $2.5 million in MAC debt that is due to mature in 2008; Impact of the ruling on Governor George E. Pataki who vetoed the state Legislature's MAC refunding act.


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