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DORMITORY AUTH. v. TRS.

86 N.Y.2d 72 (1995)

653 N.E.2d 1159

629 N.Y.S.2d 989

In the Matter of New York State Dormitory Authority et al., Appellants, v. Board of Trustees of Hyde Park Fire & Water District, Respondent.

Court of Appeals of the State of New York.

Decided June 29, 1995.

Attorney(s) appearing for the Case

Corbally, Gartland & Rappleyea, Poughkeepsie (Jon Holden Adams of counsel), and Robert M. Cohen, Ballston Lake, for appellants.

Nixon, Hargrave, Devans & Doyle, Garden City (Thomas S. D'Antonio and Claudia Hinrichsen of counsel), for respondent.

Judges SIMONS, TITONE, BELLACOSA, SMITH and CIPARICK concur; Judge LEVINE taking no part.

Chief Judge KAYE.

Public Authorities Law § 1685 provides that, because "the creation of the [dormitory] authority * * * is in all respects for the benefit of the people * * * the state of New York covenants with the holders of the bonds that the [dormitory] authority shall be required to pay no taxes or assessments upon any of the property acquired by it or under...

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