While any of the bonds issued by the authority remain outstanding, the power, duties, or existence of the authority or of its officers, employees, or agents or of the board of regents or of any other state agency or department 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, 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 article 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 article, shall constitute a contract with the holders of such bonds.
Section: Previous 20-3-166 20-3-167 20-3-168 20-3-169 20-3-170 20-3-171 20-3-172 20-3-173 20-3-174 20-3-175 20-3-176 20-3-177 20-3-178 20-3-179 20-3-180 NextLast modified: October 14, 2016