§ 8762A. Limitation of powers of State.
94 words·~1 min read·
/de/title-29/subchapter-vii-delaware-economic-development-authority/8762a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The State pledges to and agrees with any holder of the bonds that the State will not limit or alter the rights vested in the Authority until all bonds at any time issued, together with the interest thereon and all costs and expenses in connection with any action or proceeding by or on behalf of the bondholders, are fully met and discharged. Nothing herein contained shall preclude such limitation or alteration, if, and when, adequate provision shall have been made by law for the protection from impairment of the contracts represented by such bonds.