Alabama Statutes

§ 23-7-25 — Limitation on Amendments

Alabama·Title 23 Highways, Roads, Bridges and Ferries·Ch. 7 Alabama Transportation Infrastructure Bank Act
Subsequent amendments to this chapter may not limit the rights vested in the bank with respect to any agreements made with, or remedies available to, the holders of bonds issued under this chapter before the enactment of the amendments until the bonds, with all premiums and interest on them, and all costs and expenses in connection with any proceeding by or on behalf of the holders, are fully met and discharged.

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Legislative History

(Act 2015-50, §25.)

Nearby Sections

15
§ 23-1-107
Effective Date
§ 23-1-111
Designation
§ 23-1-130
Establishment
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