Leon E. Wein v. Comptroller State New York Et Al. - Court of Appeals of New York

Leon E. Wein v. Comptroller State New York Et Al.

By Court of Appeals of New York

  • Release Date - Published: 1979-02-06
  • Book Genre: Law
  • Author: Court of Appeals of New York
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Leon E. Wein v. Comptroller State New York Et Al. Court of Appeals of New York read online review & book description:

In December, 1976 the plaintiff, Leon Wein, commenced this action as a citizen taxpayer seeking a declaratory judgment that 74 million dollars in bond anticipation notes issued by the State in March of that year were issued in violation of the State Constitution. Specifically he claimed that the notes had been issued to finance a 1975-1976 State deficit and that this practice, characterized as "back bonding", is prohibited by sections 11 and 12 of article VII of the State Constitution. In addition to demanding a declaration that the practice is unconstitutional, the complaint requests an injunction precluding the defendants "from issuing any further back-bonding debt."

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