§ 16-62-14 - Bondholders' rights not to be affected by state.
SECTION 16-62-14
§ 16-62-14 Bondholders' rights not to beaffected by state. – The state does pledge to and agree with the holders of any bonds or notesissued under this chapter that the state will not limit or alter the rightsvested in the authority to fulfill the terms of any agreements made with theholders until those bonds or notes, together with their interest, with intereston any unpaid installments of interest, and all costs and expenses inconnection with any action or proceeding by or on behalf of those holders, arefully met and discharged. The authority is authorized to include this pledgeand agreement of the state in any agreement with the holders of those bonds ornotes.