The La. Supreme Court agreed to hear an appeal by the city of Laf...
The La. Supreme Court agreed to hear an appeal by the city of Lafayette of a state appellate court ruling striking down a city bond ordinance to raise $125 million to finance a municipal public telecom network. The appeals…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
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.