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PARKRIDGE INVESTORS LTD. v. FARMERS HOME ADMIN.

No. 93-1270.

13 F.3d 1192 (1994)

PARKRIDGE INVESTORS LIMITED PARTNERSHIP, by Harold MORTIMER, David Mortimer, and John Phelps, General Partners, Appellant, v. FARMERS HOME ADMINISTRATION, an Agency of the United States Department of Agriculture, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided January 7, 1994.

Attorney(s) appearing for the Case

Ronald W. Banks, Rapid City, SD, argued, for appellant.

Robert A. Mandel, Rapid City, SD, argued (Ted L. McBride and Robert A. Mandel, on the brief), for appellee.

Before RICHARD S. ARNOLD, Chief Judge, WOLLMAN and LOKEN, Circuit Judges.

RICHARD S. ARNOLD, Chief Judge.

This case is about the power of the United States to modify its contractual obligations, by statute, to prevent the frustration of clear program purposes. We sympathize with the view of appellant, Parkridge Investors, that the United States has acted unfairly in this instance; even so, we conclude that firmly entrenched legal doctrine allows the government to act as it did. Therefore, we decline to hold unconstitutional the Emergency...

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