Section 2061. 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  paid  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.
        * NB Authority dissolved September 1, 1977