67-6418. CONTRACT OF THE STATE. The state does hereby pledge to and agree with the holders of any notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders thereof or in any way impair the rights and remedies of such holders until such notes and bonds, together with the 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 such holders, are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.
History:
[67-6418, added 1974, ch. 111, sec. 18, p. 1263.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 64 - IDAHO STATE BUILDING AUTHORITY ACT
Section 67-6401 - SHORT TITLE.
Section 67-6402 - DEFINITIONS.
Section 67-6403 - CREATION OF AUTHORITY.
Section 67-6404 - DECLARATION OF POLICY.
Section 67-6405 - APPOINTMENT AND REMOVAL OF COMMISSIONERS.
Section 67-6406 - EXECUTIVE DIRECTOR.
Section 67-6407 - CONFLICT OF INTEREST.
Section 67-6408 - NO FORFEITURE OF OFFICE.
Section 67-6409 - GENERAL POWERS OF THE AUTHORITY.
Section 67-6410 - PROCEDURE PRIOR TO FINANCING BUILDING DEVELOPMENTS OR BUILDING PROJECTS.
Section 67-6411 - COOPERATION WITH MUNICIPALITIES, STATE BODIES OR COMMUNITY COLLEGE DISTRICTS.
Section 67-6412 - EXEMPTION FROM TAXATION.
Section 67-6413 - ANNUAL REPORT.
Section 67-6414 - BONDING PROVISIONS.
Section 67-6415 - REFUNDING OBLIGATIONS — ISSUANCE.
Section 67-6416 - REFUNDING OBLIGATIONS — USE OF PROCEEDS.
Section 67-6417 - DEPOSIT OF AUTHORITY MONEYS.
Section 67-6418 - CONTRACT OF THE STATE.
Section 67-6419 - LIMITATION OF LIABILITY ON AUTHORITY OBLIGATIONS.
Section 67-6420 - REMEDIES OF BOND AND NOTE HOLDERS.
Section 67-6421 - STATE GRANTS AND LEASES TO AUTHORITY.
Section 67-6422 - AUTHORITY OBLIGATIONS ARE LEGAL INVESTMENTS.