Section 1134. Agreement of the state  


Latest version.
  • The state does hereby pledge to and
      agree with the holders of any bonds issued by the authority pursuant  to
      this  title  that  the  state  will not alter or limit the rights hereby
      vested in the authority to  negotiate,  purchase,  construct,  maintain,
      operate,   repair,  improve,  increase,  enlarge,  extend,  reconstruct,
      renovate, rehabilitate or dispose of any project or any  part  or  parts
      thereof,  for  which  bonds  of the authority shall have been issued, to
      establish and collect rates, rents, fees and other charges  referred  to
      in this title and to fulfill the terms of any agreement made with or for
      the  benefit  of the holders of the bonds or with any public corporation
      or person with reference to the bondholders, until the  bonds,  together
      with the interest thereon, including interest on any unpaid installments
      of interest, and all costs and expenses 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 bondholders.
        * NB There are 2 § 1134's