State Constitution—Debt Limitations—Municipality's Issuance of Revenue Bonds to Finance Private Pollution Control Facilities Violates State Constitution—Port of Longview v. Taxpayers of Port of Longview, 84 Wn. 2d 475, 527 P.2d 263 (1974)

Authors

Leslie A. Powers

Abstract

This note will initially describe the federal scheme encouraging the issuance of tax-free municipal bonds, state constitutional prohibitions against the lending of public monies or credit generally, and particular Washington constitutional provisions and their treatment by the Washington court prior to Port of Longview. Second, the note will analyze the court's reasoning in Port of Longview with respect to revenue bond financing and the constitutional lending of credit provisions. Third, the note will identify and discuss the policy considerations at issue in the case. Fourth, the note will consider the scope of the holding in Port of Longview and examine certain probable ramifications of the decision. Finally, there will be proposed a state constitutional amendment authorizing bond financing for the benefit of private parties to serve public purposes.

First Page

440

Recommended Citation

Leslie A. Powers, Recent Developments, State Constitution—Debt Limitations—Municipality's Issuance of Revenue Bonds to Finance Private Pollution Control Facilities Violates State Constitution—Port of Longview v. Taxpayers of Port of Longview, 84 Wn. 2d 475, 527 P.2d 263 (1974), 50 Wash. L. Rev. 440 (1975).
Available at: https://digitalcommons.law.uw.edu/wlr/vol50/iss2/7