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NASH v. PORT AUTHORITY OF NEW YORK AND NEW JERSEY

4985, 129074/93.

85 A.D.3d 414 (2011)

923 N.Y.S.2d 840

2011 NY Slip Op 4597

LINDA P. NASH, Respondent, v. PORT AUTHORITY OF NEW YORK AND NEW JERSEY, Appellant. STEERING COMMITTEE IN MATTER OF WORLD TRADE CENTER BOMBING LITIGATION, Intervenor-Respondent.

Appellate Division of the Supreme Court of New York, First Department.

Decided June 2, 2011.

McKinney's Unconsolidated Laws of NY § 7106 (L 1950, ch 301, § 6) states that both New York and New Jersey consent to liability on the part of defendant Port Authority for tortious acts "to the same extent as though it were a private corporation." By its plain meaning, the statutory language indicates that the Port Authority should be treated as if it were a private corporation, which requires that a fixed interest rate of nine percent, as applies to private corporations...

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