2006 Minnesota Code
Chapters 116R - 116U Business Development
Chapter 116R Aircraft Facilities; State Financing
Section 116R.10 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
116R.10 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
The state pledges and agrees with the holders of any bonds that the state will not limit or
alter the rights vested in the commissioner to fulfill the terms of any agreements made with the
bondholders, or in any way impair the rights and remedies of the holders until the bonds, together
with interest on them, 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. The commissioner may include this pledge and agreement of the state
in any agreement with the holders of bonds issued under sections
116R.01 to
116R.16.
History: 1991 c 350 art 1 s 10
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