New York Laws
Title 13-F - Town of North Hempstead Solid Waste Management Authority
2049-M - Agreement With the State.

§ 2049-m. 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 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 to fulfill the terms of any agreement made with or for the benefit
of the holders of bonds or with any public corporation or person with
reference to such project or part thereof, or in any way to impair the
rights and remedies of 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.