58:1B-14 - Pledges, covenants and agreements with holders of bonds by state - New Jersey Statutes

58:1B-14.  Pledges, covenants and agreements with holders of bonds by state
    The State of New Jersey pledges to and covenants and agrees with the holders  of any bonds issued pursuant to authority of the act that the State will not  limit or alter the rights or powers vested in the authority to acquire,  construct, maintain, improve, and repair any project in any way that would  jeopardize the interest of such holders, or to perform and fulfill the terms of  any agreement made with the holders of the bonds, or to fix, establish, charge  and collect such rents, fees, rates or other charges as may be convenient or  necessary to produce sufficient revenues to meet all expenses of the authority  and fulfill the terms of any agreement made with the holders of the bonds,  together with interest thereon, with interest on any unpaid installments of  interest, and all costs and expenses in connection with any action or  proceedings by or on behalf of such holders, until the bonds, together with  interest thereon, are fully met and discharged or provided for.

     L.1981, c. 293, s. 14, eff. Oct. 7, 1981.