Sec. 15-120n. State pledge re bonds or notes.
Sec. 15-120n. State pledge re bonds or notes. The state of Connecticut does
hereby pledge to and agree with the holders of any bonds or notes issued under sections
15-120g to 15-120o, inclusive, or with those parties who may enter into contracts with
the authority, pursuant to said sections, that the state shall not limit or alter the rights
hereby vested in the authority until such obligations, together with the interest thereon,
are fully met and discharged, and such contracts are fully performed on the part of the
authority, provided nothing contained herein shall preclude such limitation or alteration
if and when adequate provision shall be made by law for the protection of the holders
of such bonds, notes and other obligations of the authority or those entering into contracts
with the authority. The authority is authorized to include this pledge and undertaking
for the state in such bonds, notes and other obligations or contracts.
(P.A. 97-271, S. 8, 10.)
History: P.A. 97-271 effective July 1, 1997.