2016 Alaska Statutes
Title 14 - EDUCATION, LIBRARIES, AND MUSEUMS
Chapter 14.42 - POSTSECONDARY EDUCATION COMMISSION AND LOAN CORPORATION
Article 02 - ALASKA STUDENT LOAN CORPORATION
Sec. 14.42.270 Pledge and agreement of state.
The state pledges to and agrees with holders of bonds issued by the corporation that the state will not limit or alter the rights and powers vested in the corporation under AS 14.42.100 - 14.42.990 to fulfill the terms of a contract made by the corporation with the bondholders or in any way impair the rights and remedies of the bondholders until the bonds, together with the interest on them with interest on unpaid installments of interest, and all costs and expenses in connection with an action or proceeding by or on behalf of the bondholders, are fully met and discharged. The corporation may include this pledge and agreement of the state in a contract with bondholders.
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