Pennsylvania Statutes § 3035.8 Commonwealth not to impair bond-related obligations.
Statute Text
The Commonwealth pledges that it shall not do any of the following:
(1)
Limit or alter the rights and responsibilities of the authority or the department under this article, including the responsibility to:
(i)
Pay bond obligations and bond administrative expenses; and
(ii)
Comply with any other instrument or agreement pertaining to bonds.
(2)
Alter or limit the service agreement under Section 1104-B(b).
(3)
Impair the rights and remedies of the holders of bonds, until each bond issued at any time and the interest on the bond, are fully met and discharged.
History
Added by
P.L.
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