231.11 State pledge. The state pledges to and agrees with the holders of any obligations issued under this chapter, and with those parties who may enter into contracts with the authority under this chapter, that the state will not limit or alter the rights vested in the authority by this chapter until such obligations, together with the interest thereon, are fully met and discharged and such contracts are fully performed on the part of the authority, but nothing shall preclude such a limitation or alteration if adequate provision is made by law for the protection of the holders of such obligations of the authority or those entering into such contracts with the authority.
History: 1973 c. 304; 1977 c. 29.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 231 - Health and educational facilities authority.
231.02 - Creation and organization.
231.05 - Project applications.
231.06 - Property acquisition.
231.10 - Bonds not public debt.
231.12 - Studies and recommendations.
231.15 - Rights of bondholders.
231.18 - Investment authorization.
231.20 - Waiver of construction and bidding requirements.
231.21 - Employees under social security.
231.215 - Incorporator for purpose related to purchase or sale of right to payments.
231.23 - Nonprofit institutions.
231.24 - Liberal construction.
231.26 - Residential facility for the severely physically disabled.
231.27 - Minority financial interests.
231.28 - Minority business participation.
231.29 - Disabled veteran-owned business financial interests.