2003 Minnesota Statutes

     446A.19 State pledge against impairment of contracts. 

    The state pledges and agrees with the holders of bonds 
 issued under sections 446A.051, and 446A.12 to 446A.20 that the 
 state will not limit or alter the rights vested in the authority 
 to fulfill the terms of any agreements made with the bondholders 
 or in any way impair the rights and remedies of the holders 
 until the bonds, together with interest on them, 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 bondholders, are fully met and discharged.  The 
 authority may include this pledge and agreement of the state in 
 any agreement with the holders of bonds issued under sections 
 446A.051, and 446A.12 to 446A.20. 

    HIST: 1988 c 546 s 12