Public Finance

University of Rhode Island Research Corporation

SECTION 35-12-13

§ 35-12-13. Agreement of the state.

The state does hereby pledge to and agree with the holders of any notes issued under this chapter, that the state will not limit or alter the rights vested in the corporation to fulfill the terms of any agreements made with the holders until these notes, 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 holders, are fully met and discharged. The corporation is authorized to include this pledge and agreement of the state in any agreement with the holders of notes.

History of Section.
(P.L. 1982, ch. 324, § 1.)