Sec. 22a-274. (Formerly Sec. 19-524gg). Pledge to holders of bonds and notes of the authority.
Sec. 22a-274. (Formerly Sec. 19-524gg). Pledge to holders of bonds and notes
of the authority. The state of Connecticut does hereby pledge to and agree with the
holders of any bonds and notes issued under this chapter and with those parties who
may enter into contracts with the Connecticut Solid Waste Authority or its successor
agency pursuant to the provisions of this chapter that the state will 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 and notes of the authority or those entering into such contracts
with the authority. The authority is authorized to include this pledge and undertaking
for the state in such bonds and notes or contracts.
(P.A. 73-459, S. 18, 26.)
History: Sec. 19-524gg transferred to Sec. 22a-274 in 1983.