New York § 1084 Agreements of the state

New York Statutes

§ 1084 — Agreements of the state

New York § 1084

Law PBAPublic Authorities

Title 4Suffolk County Water Authority

Art. 5Public Utility Authorities

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Bluebook

N.Y. Public Authorities § 1084 (2026).

Text

  § 1084. Agreements of the state. The state of New York does pledge to\nand agree with the holders of the bonds that the state will not limit or\nalter the rights hereby vested in the authority to acquire, construct,\nmaintain, operate, reconstruct and improve the properties, to establish\nand collect the revenues, rates, rentals, fees and other charges\nreferred to in this title and to fulfill the terms of any agreements\nmade with the holders of the bonds, or in any way impair the rights and\nremedies of the bondholders, until the bonds, together with interest\nthereon, interest on any unpaid installments of interest, and all costs\nand expenses in connection with any action or proceeding by or on behalf\nof the bondholders, are fully met and discharged.\n

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§ 1084. Agreements of the state. The state of New York does pledge to\nand agree with the holders of the bonds that the state will not limit or\nalter the rights hereby vested in the authority to acquire, construct,\nmaintain, operate, reconstruct and improve the properties, to establish\nand collect the revenues, rates, rentals, fees and other charges\nreferred to in this title and to fulfill the terms of any agreements\nmade with the holders of the bonds, or in any way impair the rights and\nremedies of the bondholders, until the bonds, together with interest\nthereon, interest on any unpaid installments of interest, and all costs\nand expenses in connection with any action or proceeding by or on behalf\nof the bondholders, are fully met and discharged.\n