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462A.15 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
The state pledges and agrees with the holders of any notes or bonds issued under this chapter,
that the state will not limit or alter the rights vested in the agency 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 or 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 such holders, are fully met and discharged. The agency is authorized to include
this pledge and agreement of the state in any agreement with the holders of such notes or bonds.
History: 1971 c 702 s 15; 1Sp2001 c 4 art 4 s 17

Official Publication of the State of Minnesota
Revisor of Statutes