While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority, or of its officers, employees, or agents, or of any department, board, commission, or agency of the state, shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds, and no other entity, department, division, agency, or authority will be created which will compete with the authority to such an extent as to affect adversely the interests and rights of the holders of such bonds, nor will the state itself so compete with the authority. This part shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under this part, shall constitute a contract with the holders of such bonds.
Section: Previous 12-3-328 12-3-329 12-3-330 12-3-331 12-3-332 12-3-333 12-3-334 12-3-335 12-3-336 12-3-337 12-3-338 12-3-339 12-3-340 12-3-341 NextLast modified: October 14, 2016