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This entry was published on 2014-09-22
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Agreements of the state
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 4
§ 1084. Agreements of the state. The state of New York does pledge to
and agree with the holders of the bonds that the state will not limit or
alter the rights hereby vested in the authority to acquire, construct,
maintain, operate, reconstruct and improve the properties, to establish
and collect the revenues, rates, rentals, fees and other charges
referred to in this title 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, 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.