N.Y. EDN Law § 487
This is the official text of N.Y. EDN Law § 487, part of New York’s EDN Law — part of the compiled statutory law of New York, published by the state as "EDN Law." Browse the sections below, each linked to its official government source.
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Agreement with the state
Official statutory text
§ 487. Agreement with the state. The state does hereby pledge to and\nagree with the holders of any notes or bonds issued under this article,\nthat the state will not limit or alter the rights hereby vested in the\nfund to fulfill the terms of any agreements made with the holders\nthereof, or in any way impair the rights and remedies of such holders\nuntil such notes or bonds, together with the interest thereon, with\ninterest on any unpaid installments of interest, and all costs and\nexpenses in connection with any action or proceeding by or on behalf of\nsuch holders, are fully met and discharged. The fund is authorized to\ninclude this pledge and agreement of the state in any agreement with the\nholders of such notes or bonds.\n
Status: in_force · Read it on the official government site
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