Sec. 32-68a. Pledge to insurance contract holders. Powers of Connecticut Development Authority. - Connecticut Statutes

      Sec. 32-68a. Pledge to insurance contract holders. Powers of Connecticut Development Authority. The state hereby pledges to and agrees with the holders of any insurance contracts issued under this chapter and with persons who may enter into other contracts or agreements with the authority or its successor agency pursuant to the provisions of this chapter that the state will not limit or alter the rights granted to the authority until such insurance contracts and other contracts or agreements are fully performed by the authority, provided nothing contained in this section shall preclude any such limitation or alteration if and when adequate provision is made by the law for the protection of such insurance contracts or persons entering into other contracts or agreements with the authority. The authority may include the provisions of this section in any such insurance contracts and other contracts or agreements. In carrying out the program authorized by this chapter, the authority shall have and may exercise all the powers granted to the authority under chapter 579 provided no provision of chapter 579 shall be construed to limit any power specifically granted to the authority under this chapter and no provision of this chapter shall be construed to limit the power specifically granted to the authority under chapter 579.

      (P.A. 88-265, S. 22, 36.)