N.Y. NYS Project Finance Agency Act7/75 § 11: Agreement with the state

§ 11. Agreement with the state.

The state does hereby pledge to and agree with the holders of any

notes or bonds issued under this act, 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 notes or bonds, together

with the interest thereon, with 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 agency is authorized to include this pledge and

agreement of the state in any agreement with the holders of such notes

or bonds.