Section 1196-K. Agreement with the state

The state does hereby pledge to
  and agree with the holders of any bonds issued by an authority  pursuant
  to  this  title that the state will not alter or limit the rights hereby
  vested in the authority to fulfill the terms of any agreement made  with
  or  for  the  benefit  of the holders of bonds, or in any way impair the
  rights and remedies of bondholders, until the bonds, together  with  the
  interest  thereon, with 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. An
  authority is authorized to include this  pledge  and  agreement  of  the
  state in any agreement with bondholders.