N.Y. Public Authorities Law Section 883
Agreement of the state

The state of New York does hereby pledge to and agree with the holders of the bonds that the state will not authorize the construction or operation of any market facilities within the district by any public agency or public corporation, nor will it limit or alter the rights hereby vested in the authority to acquire, construct, reconstruct, improve, equip, operate and maintain market facilities, 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 accrued interest thereon, with 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 bondholders, are fully met and discharged.

Source: Section 883 — Agreement of the state, https://www.­nysenate.­gov/legislation/laws/PBA/883 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 883’s source at nysenate​.gov

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