N.Y. New York City Health & Hospitals Corporation Act § 14

Current through 2024 NY Law Chapter 457
Section 14 - Agreement of the state

The state of New York does pledge to and agree with the holders of any and all bonds and notes of the corporation that the state will not limit or alter the rights hereby vested in the corporation to fulfill the terms of any agreements made with the said holders, or in any way impair the rights and remedies of such holders until the bonds and notes, together with the interest thereon, 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 corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of such bonds or notes.

N.Y. New York City Health and Hospitals Corporation Act Law § 14