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2006 New York Code - Agreement With The State.



 
    §  2049-m.  Agreement  with the state. The state does hereby pledge to
  and agree with the holders of any bonds issued by the authority pursuant
  to this title that the state will not alter or limit the  rights  hereby
  vested  in  the  authority  to  purchase,  construct, maintain, operate,
  repair,  improve,  increase,  enlarge,  extend,  reconstruct,  renovate,
  rehabilitate  or  dispose  of any project, or any part or parts thereof,
  for which bonds of the authority shall have been  issued,  to  establish
  and  collect  rates,  rents,  fees and other charges referred to in this
  title to fulfill the terms of any agreement made with or for the benefit
  of the holders of bonds or with any public corporation  or  person  with
  reference  to  such project or part thereof, or in any way to impair the
  rights and remedies of bondholders until the bonds,  together  with  the
  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  such  holders,  are  fully  met  and
  discharged. The authority is  authorized  to  include  this  pledge  and
  agreement of the state in any agreement with bondholders.

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