§ 2490-M — Agreement with the state

§ 2490-m. Agreement with the state. The state hereby pledges to and\nagrees with the holders of any bonds issued by the authority pursuant to\nthis 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\nbenefit of the holders of bonds or with any public corporation or person\nwith reference to such project or part thereof, or in any way impair the\nrights and remedies of bondholders, until the bonds, together with the\ninterest thereon, with interest on any unpaid installments of interest\nand all costs and expenses in connection with any action or proceeding\nby or on behalf of such holders are fully met and discharged. The\nauthority is authorized to include this pledge and agreement of the\nstate in any agreement with bondholders.\n