Sec. 8-261. Pledge by state as to limitation or alteration of rights vested in authority.
Sec. 8-261. Pledge by state as to limitation or alteration of rights vested in
authority. The state of Connecticut does hereby pledge to and agree with the holders
of any obligations issued under this chapter, and with those parties who may enter into
contracts with the authority 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 herein contained shall preclude
such limitation or alteration if and when adequate provision shall be made by law for
the protection of the holders of such obligations of the authority or those entering into
such contracts with the authority. The authority as agent for the state is authorized to
include this pledge and undertaking for the state in such obligations or contracts.
(1969, P.A. 795, S. 21.)