§ 1978. Agreements of the state. The state of New York does pledge to\nand agree with the holders of the bonds and notes that the state will\nnot limit or alter the rights hereby vested in the authority to acquire,\nlease, mortgage or dispose of real or personal property or any interest\ntherein or construct, improve, enlarge, operate and maintain the\nproject, to fix, establish and collect the rates, rentals, fees and\nother charges referred to in this act and to fulfill the terms of any\nagreements made with the holders of the bonds and notes, or in any way\nimpair the rights and remedies of such bondholders and noteholders until\nthe bonds and notes, together with interest thereon, interest on any\nunpaid installments of interest, and all costs and expenses in\nconnection with any action or proceeding by or on behalf of the\nbondholders and noteholders are fully met and discharged.\n
N.Y. Pub. Auth. Law § 1978
Agreements of the state
Applied in 1 court decision — leading case Avila v. Abatement Professionals (2014)
Most recently applied in Avila v. Abatement Professionals (December 2014)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.