2012 New York Consolidated Laws
PBA - Public Authorities
Article 8 - MISCELLANEOUS AUTHORITIES
Title 21 - (2490-A - 2490-Q) SARATOGA SPRINGS CITY CENTER AUTHORITY
2490-M - Agreement with the state.

 
    §  2490-m.  Agreement  with the state. The state hereby pledges to and
  agrees with the holders of any bonds issued by the authority pursuant to
  this title, that the state will not alter or  limit  the  rights  hereby
  vested  in  the  authority  to  purchase,  construct, maintain, operate,
  repair,  improve,  increase,  enlarge,  extend,  reconstruct,  renovate,
  rehabilitate  or  dispose  of any project, or any part or parts thereof,
  for which bonds of the authority shall have been  issued,  to  establish
  and  collect  rates,  rents,  fees and other charges referred to in this
  title, to fulfill the terms of  any  agreement  made  with  or  for  the
  benefit of the holders of bonds or with any public corporation or person
  with reference to such project or part thereof, or in any way impair the
  rights  and  remedies of bondholders, until the bonds, together with the
  interest thereon, 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 such  holders  are  fully  met  and  discharged.  The
  authority  is  authorized  to  include  this pledge and agreement of the
  state in any agreement with bondholders.