§ 2051-M — Agreement with the state

§ 2051-m. Agreement with the state. The state does hereby pledge to\nand agree with the holders of any bonds issued by the authority pursuant\nto this title that the state will not alter or limit the rights hereby\nvested in the authority to purchase, construct, maintain, operate,\nrepair, improve, increase, enlarge, extend, reconstruct, renovate,\nrehabilitate or dispose of any project, or any part or parts thereof,\nfor which bonds of the authority shall have been issued, to establish\nand collect rates, rents, fees and other charges referred to in this\ntitle to fulfill the terms of any agreement made with or for the benefit\nof the holders of bonds or with any public corporation or person with\nreference to such project or part thereof, or in any way to impair the\nrights and remedies of bondholders until the bonds, together with the\ninterest thereon, including interest on any unpaid installments of\ninterest and all costs and expenses in connection with any action or\nproceeding by or on behalf of such holders, are fully met and\ndischarged, provided, however, that this section shall not be construed\nto limit in any manner the ability of the state to alter, amend or\nenforce 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 bondholders.\n