39-8109 NOTES AND BONDS -- STATE WILL NOT IMPAIR VESTED RIGHTS. - Idaho Statutes

TITLE 39

HEALTH AND SAFETY

CHAPTER 81

BASIN ENVIRONMENTAL IMPROVEMENT ACT

39-8109. Notes and bonds -- State will not impair vested rights. The state pledges to and agrees with the holders of any notes or bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the financing authority to fulfill the terms of any agreements made with the holders thereof or in any way impair the rights and remedies of the holders until the notes and 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 the holders, are fully met and discharged. The financing authority may include this pledge and agreement of the state in any agreement with the holders of the notes or bonds.