N.Y. PBA Law § 1045-T
This is the official text of N.Y. PBA Law § 1045-T, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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Agreement with the state
Official statutory text
§ 1045-t. Agreement with the state. The state does hereby pledge to\nand agree with the holders of any bonds issued by the authority pursuant\nto this title that the state will not alter or limit the rights hereby\nvested in the authority or the water board to fulfill the terms of any\nagreement made with or for the benefit of the holders of bonds, or in\nany way impair the rights and remedies of bondholders, until the bonds,\ntogether with the interest thereon, with interest on any unpaid\ninstallments of interest, and all costs and expenses in connection with\nany action or proceeding by or on behalf of such holders, are fully met\nand discharged. The authority is authorized to include this pledge and\nagreement of the state in any agreement with bondholders.\n
Status: in_force · Read it on the official government site
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