N.Y. Public Authorities Law Section 2041-S
Agreements with the participating counties

Each participating county is authorized to pledge to and agree with the holders of any bonds issued by the authority pursuant to this title that the county will not alter, limit or impair the rights hereby vested in the authority to purchase, construct, own and operate, maintain, repair, improve, reconstruct, renovate, rehabilitate, enlarge, increase and extend, or dispose of any project, or any part or parts thereof, for which bonds of the authority shall be issued, to establish and collect rates, rents, fees and other charges referred to in this title, to fulfill the terms of any agreements made with or for the benefit of the holders of bonds or with any public corporation or person with reference to such project or part thereof, or in any way to impair the rights and remedies of the holders of bonds, 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 the holders of bonds are fully met and discharged.

Source: Section 2041-S — Agreements with the participating counties, https://www.­nysenate.­gov/legislation/laws/PBA/2041-S (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Green check means up to date. Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 2041-S’s source at nysenate​.gov

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