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Current as of January 01, 2026 | Updated by Findlaw Staff
The state of New York does hereby pledge to and agree with the holders of the bonds that the state will not authorize the construction or operation of any market facilities within the district by any public agency or public corporation, nor will it limit or alter the rights hereby vested in the authority to acquire, construct, reconstruct, improve, equip, operate and maintain market facilities, to establish and collect rentals, fees and other charges and to fulfill the terms of any agreements made with the holders of the bonds, or in any way impair the rights and remedies of the bondholders, until the bonds together with accrued 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 the bondholders, are fully met and discharged.
Cite this article: FindLaw.com - New York Consolidated Laws, Public Authorities Law - PBA § 883. Agreement of the state - last updated January 01, 2026 | https://codes.findlaw.com/ny/public-authorities-law/pba-sect-883/
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