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261a-49
261A.49 BONDHOLDERS -- PLEDGE -- AGREEMENT OF THE
STATE.
The state pledges to and agrees with the holders of any
obligations issued under this division, and with those parties who
enter into contracts with the authority pursuant to this division,
that the state will not limit or alter the rights vested in the
authority until the obligations, together with the interest on the
obligations, are fully met and discharged and the contracts are fully
performed on the part of the authority, except that this section does
not preclude the limitation or alteration if and when adequate
provision is made by law for the protection of the rights of the
holders of the obligations of the authority or those entering into
contracts with the authority. Section History: Recent Form
85 Acts, ch 210, §19
