Section 1299-MM. Agreement of the state

The state does hereby pledge to and
  agree  with  the  holders of any notes or bonds issued under this title,
  that the state will not limit or alter the rights hereby vested  in  the
  authority  to  fulfill the terms of any agreements made with the holders
  thereof, or in any way impair the rights and remedies  of  such  holders
  until  such  notes  or  bonds,  together with the interest thereon, with
  interest on any unpaid installments  of  interest,  and  all  costs  and
  expenses for which the authority is liable in connection with any action
  or  proceeding  by  or  on  behalf  of  such  holders, are fully met and
  discharged. The authority is  authorized  to  include  this  pledge  and
  agreement  of  the state in any agreement with the holders of such notes
  or bonds.