P.R. Laws tit. 27, § 423

2019-02-20 00:00:00+00
§ 423. Covenant of Commonwealth with bondholders

The Commonwealth does hereby pledge to and agree with the holders of any bonds issued under this chapter, and with those parties who may enter into contracts with the Authority pursuant to the provisions of this chapter, that the Commonwealth shall not limit or alter the rights hereby vested in the Authority until such bonds, together with the interest thereon, are fully met and redeemed and such contracts are fully performed on the part of the Authority.

History —May 6, 1974, No. 25, Part 1, p. 136, § 23, renumbered as § 18 on June 24, 1998, No. 94, § 17.