The La. Supreme Court agreed to hear a municipal broadband appeal...
The La. Supreme Court agreed to hear a municipal broadband appeal by the city of Lafayette of a state appellate court ruling that struck down a city bond ordinance to raise $125 million to finance such a network. The…
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appeals court, ruling on a suit brought by a city resident, said a provision in the ordinance allowing market-rate loans between the city’s municipal electric utility and its telecom enterprise to cover bond payments was an illegal cross- subsidy of the telecom venture by the electric utility. The city argued that the appeals court misinterpreted the antisubsidy provisions of the state Local Government Fair Competition Act and said its financial arrangements weren’t a subsidy as defined by the law.