New York Laws
Title 4 - Genesee Valley Regional Market Authority
883 - Agreement of the State.

§ 883. Agreement of the state. The state of New York does hereby
pledge to and agree with the holders of the bonds that the state will
not authorize the construction or operation of any market facilities
within the district by any public agency or public corporation, nor will
it limit or alter the rights hereby vested in the authority to acquire,
construct, reconstruct, improve, equip, operate and maintain market
facilities, to establish and collect rentals, fees and other charges and
to fulfill the terms of any agreements made with the holders of the
bonds, or in any way impair the rights and remedies of the bondholders,
until the bonds together with accrued 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 the
bondholders, are fully met and discharged.

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