New York Court of Appeals
Elidia Rodriguez, Respondent v. New York City Housing Authority, Appellant
December 17, 199791 N.Y.2d 76
Summary
The Court held that Public Housing Law § 157(5) sets a maximum interest rate of 9% on judgments against the Housing Authority, not a fixed rate, and therefore the Supreme Court may exercise discretion to award a lower rate. The Appellate Division's order was modified and the case remanded for further proceedings.