Minnesota § 462A.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS

Minnesota Statutes

§ 462A.15 — STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS

Minnesota § 462A.15

PartLOCAL GOVERNMENT POLICE POWERS

Ch. 462AHOUSING FINANCE AGENCY

This text of Minnesota § 462A.15 (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. § 462A.15 (2026).

Text

The state pledges and agrees with the holders of any notes or bonds issued under this chapter, that the state will not limit or alter the rights vested in the agency to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of the holders until the notes or bonds, together with the interest thereon, 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 such holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.

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The state pledges and agrees with the holders of any notes or bonds issued under this chapter, that the state will not limit or alter the rights vested in the agency to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of the holders until the notes or bonds, together with the interest thereon, 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 such holders, are fully met and discharged. The agency is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.