New York Laws
Title 13-C - Town of Islip Resource Recovery Agency
2046-L - Agreements of the State.

§ 2046-l. Agreements of the state. The state does pledge to and agree
with the holders of the bonds or notes that the state will not limit or
alter the rights hereby vested in the agency to acquire, construct,
maintain, operate, reconstruct and improve any project, or part or parts
thereof, for which bonds or notes shall have been issued, to establish
and collect rates, rentals, fees and other charges referred to in this
title and to fulfill the terms of any agreement made with the holders of
the bonds or notes, or in any way impair the rights and remedies of such
bondholders or noteholders, until the bonds or notes together with
interest thereon, interest on any unpaid installments of interest, and
all costs and expenses in connection with any action or proceedings by
or on behalf of the bondholders or noteholders are fully met and
discharged.

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