Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
116R.10 STATE PLEDGE AGAINST IMPAIRMENT OF CONTRACTS.
The state pledges and agrees with the holders of any bonds that the state will not limit or
alter the rights vested in the commissioner 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 commissioner may include this pledge and agreement of the state
in any agreement with the holders of bonds issued under sections 116R.01 to 116R.15.
History: 1991 c 350 art 1 s 10; 2007 c 138 s 16
The state pledges and agrees with the holders of any bonds that the state will not limit or
alter the rights vested in the commissioner 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 commissioner may include this pledge and agreement of the state
in any agreement with the holders of bonds issued under sections 116R.01 to 116R.15.
History: 1991 c 350 art 1 s 10; 2007 c 138 s 16
Official Publication of the State of Minnesota
Revisor of Statutes