As Amended
SEC. 49-17-203. Rights and remedies of bondholders not to be impaired.
The state hereby covenants with the holders of any bonds of the district that so long as the bonds are outstanding and unpaid the state will not limit or alter the rights and powers of the district under sections 49-17-161 through 49-17-209 to conduct the activities referred to herein in any way pertinent to the interests of the bondholders including without limitation the district's right to charge and collect rates, fees and charges and to fulfill the terms of any covenants made with bondholders, or in any other way impair the rights and remedies of the bondholders, unless provision for full payment of such bonds, by escrow or otherwise, has been made pursuant to the terms of the bonds or the resolution, trust indenture or security instrument securing the bonds.
SOURCES: Laws, 1980, ch. 519, Sec. 22, eff from and after passage (approved May 20, 1980).