Court of Appeals of New York
10 East Realty, LLC v. Valley Stream, 32
In an Article 78 proceeding to annul a purchase-money mortgage in connection with the sale of municipal property to a private entity, judgment for Plaintiffs is reversed, where a purchase-money mortgage is not a "loan" under the Gift or Loan Clause of the New York Constitution.
Appellate Information
- Decided 03/31/2009
- Published 03/31/2009
Judges
Court
- Court of Appeals of New York