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2017 New Jersey Revised Statutes
TITLE 52 - STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Section 52:18A-69 - Agreement of State

Universal Citation:
NJ Rev Stat § 52:18A-69 (2017)
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52:18A-69. Agreement of State

The State of New Jersey does pledge to and agree with the holders of the bonds issued pursuant to authority contained in this act, that the State will not limit or restrict the rights hereby vested in the Authority to maintain, construct, reconstruct and operate any project as defined in this act or to establish and collect such rents, fees, receipts or other charges as may be convenient or necessary to produce sufficient revenues to meet the expenses of maintenance and operation thereof and to fulfill the terms of any agreements made with the holders of bonds authorized by this act or in any way impair the rights or remedies of the holders of such bonds until the bonds, together with interest thereon, are fully paid and discharged.

L.1950, c. 255, p. 892, s. 20.

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