N.Y. Public Authorities Law Section 2061
Agreements of the state

The state of New York does pledge to and agree with the holders of the bonds that the state will not limit or impair the rights hereby vested in the authority to acquire, construct, maintain, reconstruct and operate the project, to establish and collect rentals, fees and other charges and to fulfill the terms of any agreements made with the holders of the bonds, or in any way impair the rights and remedies of the bondholders, until the bonds, together with interest thereon, with interest on any paid installments of interest and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders are fully met and discharged. * NB Authority dissolved September 1, 1977

Source: Section 2061 — Agreements of the state, https://www.­nysenate.­gov/legislation/laws/PBA/2061 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 2061’s source at nysenate​.gov

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