Section 1312. 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.