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This entry was published on 2014-09-22
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Agreement of the state
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 25
* § 2515. Agreement of the state. The state of New York does hereby
pledge to and agree with the holders of any bonds or notes issued under
this title that the state will not limit or alter the rights hereby
vested in the authority 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 bonds or notes 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 authority is
authorized to include this pledge and agreement of the state in any
agreement with the holders of such bonds or notes.

* NB (Discontinued-Board of Directors never appointed)