Sec. 22a-513. Regional water pollution control authorities: State not to impair obligations of authorities.
Sec. 22a-513. Regional water pollution control authorities: State not to impair
obligations of authorities. The state of Connecticut does hereby pledge to and agree
with the holders of any bonds and notes issued under sections 22a-500 to 22a-519,
inclusive, and with those parties who may enter into contracts with an authority or its
successor agency pursuant to the provisions of sections 22a-500 to 22a-519, inclusive,
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
in this section shall preclude such limitation or alteration if and when adequate provisions
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. Any authority may
include this pledge and undertaking for the state in such bonds and notes or contracts.
(P.A. 95-329, S. 23, 31.)
History: P.A. 95-329, S. 23 effective July 13, 1995.