New York § 2061 Agreements of the state

New York Statutes

§ 2061 — Agreements of the state

New York § 2061

Law PBAPublic Authorities

Title 14Broome County Sports Center Authority

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 2061 (2026).

Text

  * § 2061. Agreements of the state. The state of New York does pledge\nto and agree with the holders of the bonds that the state will not limit\nor impair the rights hereby vested in the authority to acquire,\nconstruct, maintain, reconstruct and operate the project, to establish\nand collect rentals, fees and other charges and to fulfill the terms of\nany agreements made with the holders of the bonds, or in any way impair\nthe rights and remedies of the bondholders, until the bonds, together\nwith interest thereon, with interest on any paid installments of\ninterest and all costs and expenses in connection with any action or\nproceeding by or on behalf of the bondholders are fully met and\ndischarged.\n  * NB Authority dissolved September 1, 1977\n

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* § 2061. Agreements of the state. The state of New York does pledge\nto and agree with the holders of the bonds that the state will not limit\nor impair the rights hereby vested in the authority to acquire,\nconstruct, maintain, reconstruct and operate the project, to establish\nand collect rentals, fees and other charges and to fulfill the terms of\nany agreements made with the holders of the bonds, or in any way impair\nthe rights and remedies of the bondholders, until the bonds, together\nwith interest thereon, with interest on any paid installments of\ninterest and all costs and expenses in connection with any action or\nproceeding by or on behalf of the bondholders are fully met and\ndischarged.\n * NB Authority dissolved September 1, 1977\n