STATE BOND COM'N v. ALL TAXPAYERS ET AL.

No. 87-CD-1741.

510 So.2d 662 (1987)

The STATE BOND COMMISSION of the State of Louisiana v. ALL TAXPAYERS, PROPERTY OWNERS, AND CITIZENS OF the STATE of Louisiana and Non-Residents Owning Property or Subject to Taxation Therein, and All Other Persons Interested in or Affected in Any Way by the Issuance of Revenue Anticipation Notes of the State of Louisiana.

Supreme Court of Louisiana.

Rehearing Denied August 17, 1987.


Attorney(s) appearing for the Case

William J. Guste, Jr., Atty. Gen., Charles L. Patin, Jr., Martha S. Hess, La. Dept. of Justice, Charles William Roberts, Executive Counsel to Governor of La., for State Bond Com'n.

A. Edward Hardin, Celia R. Cangelosi, John W. Scott, Craven, Scott & Randow, Carl Crane, James Donelon, Garey J. Forster, Terry W. Gee, Kernan A. Hand and Charles Lancaster, for defendants, intervenors, applicants.


COLE, Justice.

This validation suit presents the constitutional issue of whether or not revenue anticipation notes authorized by Act 28 of 1986 (La.R.S. 39:1410.41 et seq.) are prohibited by Article VII, § 6 of the Louisiana Constitution of 1974. The purpose of the Act, amended by Act 61 of 1987 to extend its expiration date from June 30, 1987 to June 30, 1988, is

...to authorize the State Bond Commission to issue and sell revenue anticipation notes...

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