N.Y. PBA Law § 1207-D
This is the official text of N.Y. PBA Law § 1207-D, 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 of the state
Official statutory text
§ 1207-d. Agreement of the state. The state of New York does hereby\npledge to and agree with the holders of the bonds and notes of the\nauthority that the state will not limit or alter the rights and powers\nhereby vested in the authority by this title to fulfill the terms of any\ncontract made by the authority with such holders or in any way impair\nthe rights and remedies of such holders until such bonds and notes,\ntogether with interest thereon, with interest on any unpaid installments\nof interest, and all costs and expenses in connection with any action or\nproceedings by or on behalf of such holders, are fully met and\ndischarged. The authority is authorized to include this pledge and\nagreement of the state in any contract with the holders of bonds or\nnotes.\n
Status: in_force · Read it on the official government site
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