Section 2442. Agreement of the state  


Latest version.
  • The state of New York does hereby
      pledge to and agree with the holders of any bonds,  notes  or  tax  lien
      collateralized  securities  issued  under this title that the state will
      not limit or alter the rights hereby vested in the agency to fulfill the
      terms of any agreements made with the holders thereof,  or  in  any  way
      impair the rights and remedies of such holders until such bond, notes or
      tax  lien  collateralized securities together with the interest thereon,
      with interest on any unpaid installments of interest, and all costs  and
      expenses in connection with any action or proceedings by or on behalf of
      such  holders, are fully met and discharged. The agency is authorized to
      include this pledge and agreement of the state in any agreement with the
      holders of such bonds, notes or tax lien collateralized securities.