Section 1912. Agreements of the state  


Latest version.
  • The state of New York does pledge to
      and agree with the holders of the bonds that the state will not limit or
      impair the rights hereby vested in the authority to acquire,  construct,
      maintain,  reconstruct and operate the project, to establish and collect
      rentals, fees and  other  charges  and  to  fulfill  the  terms  of  any
      agreements  made with the holders of the bonds, or in any way impair the
      rights and remedies of the bondholders, until the bonds,  together  with
      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 the bondholders, are fully met and discharged.