The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
003
:
FORM AND NATURE OF BONDS AND NOTES
(Cite as: 30 V.S.A. § 5035)
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§ 5035. Pledge of the State
The State does hereby pledge to and agree with the holders of the notes and bonds
issued under this chapter that the State will not limit or restrict the rights hereby
vested in the Authority to perform its obligations and to fulfill the terms of any
agreement made with the holders of its bonds or notes. Neither will the State in any
way impair the rights and remedies of the holders until the notes and bonds, together
with interest on them, and interest on any unpaid installments of interest, are fully
met, paid, and discharged. The Authority is authorized to execute this pledge and
agreement of the State in any agreement with the holders of the notes or bonds. (Added 1979, No. 78, § 3.)