New York Laws
Title 6-C* - Dutchess County Water and Wastewater Authority
1133*2 - Agreement of the State.

* § 1133. Agreement of the state. The state does hereby pledge to and
agree with the holders of any bonds issued by the authority pursuant to
this title that the state will not alter or limit the rights hereby
vested in the authority to purchase, construct, maintain, operate,
repair, improve, increase, enlarge, extend, reconstruct, renovate,
rehabilitate or dispose of any project, or any part or parts thereof,
for which bonds of the authority shall have been issued, to establish
and collect lease payments, rates, fees and other charges referred to in
this title and to fulfill the terms of any agreement made with or for
the benefit of the holders of the bonds or with any public corporation
or person with reference to such project or part thereof, or in any way
impair the rights and remedies of the bondholders, 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 such holders, are fully met
and discharged; provided, however, that this section shall not be
construed to limit in any manner the ability of the state to alter,
amend or enforce laws or regulations to protect public health and the
environment. The authority is authorized to include this pledge and
agreement of the state in any agreement with bondholders.

* NB There are 2 § 1133's