41-3909 - Arizona Statutes

41-3909. No abrogation of rights This state pledges to and agrees with the holders of any bonds issued under this chapter, and with those parties who may enter into agreements with the authority pursuant to this article, that the state will not limit or alter the rights vested in the authority or successor agency until all bonds, together with the interest on the bonds, are fully paid and discharged and all agreements are fully performed, provided that nothing contained in this article precludes such limitation or alteration if and when adequate provision is made by law for the protection of the holders of such obligations of the authority or those entering into such agreements with the authority.