New York Laws
Title 29 - Development Authority of the North Country Act
2715 - Agreement of the State.

§ 2715. Agreement of the state. The participating counties and any
municipalities within their boundaries are authorized to and the state
does hereby pledge to and agree with the owners of any bonds issued by
the authority, that they will not limit or alter the rights hereby
vested in the authority to fulfill the terms of any agreements made with
the holders thereof, or in any way impair the rights and remedies of
such holders until such 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 bonds.

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