Legal Opinion
Local Government Assistance Corp. v. Sales Tax Asset Receivable Corp.
New York Court of Appeals
Decided May 13, 2004PublishedCited by 22 opinions
1Opinion of the Court
OPINION OF THE COURT
G.B. Smith, J.
This is a constitutional challenge to the Municipal Assistance Corporation Refinancing Act, which was enacted as part of a 2003 budget bill to assist the City of New York in retiring certain long-term debt. The wisdom of this legislation is not a matter for this Court to address (see Schulz v State of New York, 84 NY2d 231, 237 [1994]). As to its legality, we conclude that the Act does not violate the State or Federal Constitutions.
I
In the 1970s, defendant City of New York experienced a serious fiscal crisis that brought it to the brink of bankruptcy. In an…
2Cases cited13 opinions
- Hotel Dorset Co. v. Trust for Cultural ResourcesNew York Court of Appeals · 1978
- Consolidated Edison Co. of New York, Inc. v. Department of Environmental ConservationNew York Court of Appeals · 1988
- Schulz v. State of New YorkNew York Court of Appeals · 1994
- Alweis v. EvansNew York Court of Appeals · 1987
- Flushing National Bank v. Municipal Assistance Corp.New York Court of Appeals · 1976
8 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Shutts v. . FingarNew York Court of Appeals · 1885
- Cowhick v. ShingleWyoming Supreme Court · 1894
- Bordeleau v. State of NYNew York Court of Appeals · 2011
- Summers v. City of RochesterAppellate Division of the Supreme Court of the State of New York · 2009
- Matter of Westchester Library System v. KingAppellate Division of the Supreme Court of the State of New York · 2016
17 more not listed; retrieve them via the Exa API.