New York Laws
Title 8-G* - Livingston County Water and Sewer Authority
1199-LLLL*2 - Agreement With the State.

* § 1199-llll. Agreement with 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 water or sewer project, or any
part or parts thereof, for which bonds of the authority shall have been
issued, to establish and collect rates, rents, 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. The authority is authorized to
include this pledge and agreement of the state in any agreement with
bondholders.

* NB There are 2 § 1199-llll's