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 the various county boards of education, city boards of education, or governing bodies of independent or quasi-independent districts or systems shall not be diminished or impaired in any manner that will 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 20-2-567 20-2-568 20-2-569 20-2-570 20-2-571 20-2-572 20-2-573 20-2-574 20-2-575 20-2-576 20-2-577 20-2-578 20-2-579 20-2-580 20-2-581 NextLast modified: October 14, 2016