In the News

New York City Bar Association Asks Officials to Reconsider Liberty Bond Issue

A powerful law organization has joined opponents fighting the use of Liberty bonds to pay for the building of a power plant in Astoria, Queens. The New York City Bar Association sent a letter to Gov. George Pataki and Mayor Michael Bloomberg yesterday asking them to reconsider the city’s plans to give Astoria Energy up to $600 million in Liberty bonds to finance the plant.
[The letter says: “It is, in our view, contrary to the legislative intent to divert funds from a program that was earmarked to compensate for the losses experienced by the city because of the September 11th tragedy.”]


April 28, 2004