Section 1102. Agreements of the state  


Latest version.
  • The state of New York does pledge to
      and agree with the holders of the bonds or notes that the state will not
      limit or alter the rights hereby vested in  the  authority  to  acquire,
      construct, maintain, operate, reconstruct and improve the properties, to
      establish  and  collect  the  revenues,  rates,  rentals, fees and other
      charges referred to in this title  and  to  fulfill  the  terms  of  any
      agreements  made  with  the holders of the bonds or notes, or in any way
      impair the rights and remedies of the bondholders or noteholders,  until
      the  bonds  or  notes,  together  with interest thereon, interest on any
      unpaid  installments  of  interest,  and  all  costs  and  expenses   in
      connection  with  any  action  or  proceeding  by  or  on  behalf of the
      bondholders or noteholders, are fully met and discharged.