Section 2046-L. Agreements of the state  


Latest version.
  • The state 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 agency to acquire, construct,
      maintain, operate, reconstruct and improve any project, or part or parts
      thereof, for which bonds or notes shall have been issued,  to  establish
      and  collect  rates, rentals, fees and other charges referred to in this
      title and to fulfill the terms of any agreement made with the holders of
      the bonds or notes, or in any way impair the rights and remedies of such
      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  proceedings  by
      or  on  behalf  of  the  bondholders  or  noteholders  are fully met and
      discharged.