New York § 2041-L Agreement with state

New York Statutes

§ 2041-L — Agreement with state

New York § 2041-L

Law PBAPublic Authorities

Title 13-AAMontgomery, Otsego, Schoharie Solid Waste Management Authority

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 2041-L (2026).

Text

  § 2041-l. Agreement with state. The state does hereby pledge to and\nagree with the holders of any bonds issued by the authority pursuant to\nthis title that the state will not alter, limit or impair the rights\nhereby vested in the authority to purchase, construct, own and operate,\nmaintain, repair, improve, reconstruct, renovate, rehabilitate, enlarge,\nincrease and extend, or dispose of any project, or any part or parts\nthereof, for which bonds of the authority shall have been issued, to\nestablish and collect rates, rents, fees and other charges referred to\nin this title, to fulfill the terms of any agreements made with or for\nthe benefit of the holders of bonds or with any public corporation or\nperson with reference to such project or part thereof, or in any way to\nimpair the 

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§ 2041-l. Agreement with state. The state does hereby pledge to and\nagree with the holders of any bonds issued by the authority pursuant to\nthis title that the state will not alter, limit or impair the rights\nhereby vested in the authority to purchase, construct, own and operate,\nmaintain, repair, improve, reconstruct, renovate, rehabilitate, enlarge,\nincrease and extend, or dispose of any project, or any part or parts\nthereof, for which bonds of the authority shall have been issued, to\nestablish and collect rates, rents, fees and other charges referred to\nin this title, to fulfill the terms of any agreements made with or for\nthe benefit of the holders of bonds or with any public corporation or\nperson with reference to such project or part thereof, or in any way to\nimpair the rights and remedies of the holders of bonds, until the bonds,\ntogether with interest thereon, including interest on any unpaid\ninstallments of interest, and all costs and expenses in connection with\nany action or proceeding by or on behalf of the holders of bonds, are\nfully met and discharged, provided, however, that this section shall not\nbe construed to limit in any manner the ability of the state to alter,\namend or enforce laws or regulations to protect public health and the\nenvironment. The authority is authorized to include this pledge and\nagreement of the state in any agreement with the holders of bonds.\n