A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
District Loses Protection From Competition
Scioto County Regional Water District No. 1 (SWD1), a regional water district in Ohio, had previously obtained financing through bonds issued to the Farmers Home Administration. It later repurchased the bonds and obtained private financing. When Scioto Water Inc., a competitor, built a wellfield upstream from SWD1's wellfield, SWD1 sought protection based on a provision in the Consolidated Farm and Redevelopment Act that protects federally financed water associations from such competition. The trial court dismissed the suit and ruled for Scioto. The appellate court said SWD1 no longer qualified as a debtor for protection under the law, and affirmed the trial court decision.
District Loses Protection From Competition
Scioto County Regional Water District No. 1 (SWD1), a regional water district in Ohio, had previously obtained financing through bonds issued to the Farmers Home Administration. It later repurchased the bonds and obtained private financing. When Scioto Water Inc., a competitor, built a wellfield upstream from SWD1's wellfield, SWD1 sought protection based on a provision in the Consolidated Farm and Redevelopment Act that protects federally financed water associations from such competition. The trial court dismissed the suit and ruled for Scioto. The appellate court said SWD1 no longer qualified as a debtor for protection under the law, and affirmed the trial court decision.
District Loses Protection From Competition
1997-09-01
1 pages
Article (Journal)
Electronic Resource
English
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