Minnesota § 446A.19 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS

Minnesota Statutes

§ 446A.19 — STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS

Minnesota § 446A.19

PartMUNICIPAL PUBLIC WORKS

Ch. 446APUBLIC FACILITIES AUTHORITY

This text of Minnesota § 446A.19 (STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 446A.19 (2026).

Text

The state pledges and agrees with the holders of bonds issued under sections446A.051, and446A.12to446A.20or other parties to any loans, interest rate swaps, or other agreements or contracts of the authority that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the bondholders or parties to any loans, interest rate swaps, or other agreements or contracts of the authority or in any way impair the rights and remedies of the holders until the bonds, together with interest on them, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders, are fully met and discharged or, with respect to any loans, interest rate swaps, or othe

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The state pledges and agrees with the holders of bonds issued under sections446A.051, and446A.12to446A.20or other parties to any loans, interest rate swaps, or other agreements or contracts of the authority that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the bondholders or parties to any loans, interest rate swaps, or other agreements or contracts of the authority or in any way impair the rights and remedies of the holders until the bonds, together with interest on them, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders, are fully met and discharged or, with respect to any loans, interest rate swaps, or other agreements or contracts of the authority, the agreements have been fully performed by the authority or otherwise terminated or discharged. The authority may include this pledge and agreement of the state in any agreement with the holders of bonds issued under sections446A.051, and446A.12to446A.20or in any loans, interest rate swaps, or other agreements or contracts of the authority.