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STATE BOND COM'N v. ALL TAXPAYERS, ETC.

No. 88-CD-0884.

525 So.2d 521 (1988)

The STATE BOND COMMISSION OF the STATE OF LOUISIANA v. ALL TAXPAYERS, PROPERTY OWERS, 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.

Rehearings Denied April 28, 1988.

Attorney(s) appearing for the Case

William J. Guste, Jr., Atty. Gen., Ellis C. Magee, Martha S. Hess, Jennifer Trosclair, Asst. Attys. Gen., Office of the Governor, Thomas A. Casey, Charles L. Patin, Jr., John N. Kennedy, New Orleans, Orrick, Herrington & Sutcliffe, Donald J. Robinson, John J. Keohane, New York City, for plaintiff-applicant.

Michael S. Baer, III, Alexandria, for defendant-reconvenor applicant.

A. Edward Hardin, Baton Rouge, for defendant-respondent.

LEMMON, Justice.

This validation action, filed pursuant to La.R.S. 13:5121-5130, involves the issuance of revenue anticipation notes authorized by La.R.S. 39:1410.41-1410.53, as amended by Act 61 of 1987 and by Act 14 of 1988 Extraordinary Session.1 The principal issues are (1) whether the issuance of the notes violates La. Const., art. III, § 16's prohibitions against withdrawal of money from the state treasury without a specific...

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