2052-M - Agreement with the state.

* §  2052-m. Agreement with the state. The state does hereby pledge to  and agree with the holders of any bonds issued by the authority pursuant  to this title that the state will not alter or limit the  rights  hereby  vested  in  the  authority  to  purchase,  construct, maintain, operate,  repair,  improve,  increase,  enlarge,  extend,  reconstruct,  renovate,  rehabilitate  or  dispose  of any project, or any part or parts thereof,  for which bonds of the authority shall have been  issued,  to  establish  and  collect  rates,  rents,  fees and other charges referred to in this  title to fulfill the terms of any agreement made with or for the benefit  of the holders of bonds or with any public corporation  or  person  with  reference  to  such project or past thereof, or in any way to impair the  rights and remedies of bondholders until the bonds,  together  with  the  interest  thereon,  including  interest  on  any  unpaid installments of  interest and all costs and expenses in connection  with  any  action  or  proceeding  by  or  on  behalf  of  such  holders,  are  fully  met  and  discharged; provided, however, that this section shall not be  construed  to  limit  in  any  manner  the  ability of the state to alter, amend or  enforce  laws  or  regulations  to  protect  public   health   and   the  environment.  The  authority  is  authorized  to include this pledge and  agreement of the state in any agreement with bondholders.    * NB There are 2 § 2052-m's