Section 2675-K. Agreements of the state  


Latest version.
  • The state of New York does hereby
      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  its  convention
      facility,  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, including  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.