§ 3638. Agreement with state. The state does hereby pledge to and
agree with the holders of any bonds issued by the corporation pursuant
to this title and with those persons or public corporations who may
enter into contracts with the corporation pursuant to the provisions of
this title that the state will not alter, limit, or impair the rights
hereby vested in the corporation to purchase, construct, own and
operate, maintain, repair, improve, reconstruct, renovate, rehabilitate,
enlarge, increase and extend, or dispose of any project, or any part or
parts thereof, for which bonds of the corporation shall have been
issued, to establish and collect rates, rents, fees, and other charges
referred to in this title, to fulfill the terms of any contracts or
agreements made with or for the benefit of the holders of bonds or with
any person or public corporation with reference to such project or part
thereof, or in any way impair the rights and remedies of the holders of
bonds, until the bonds, together with interest thereon, including
interest on any unpaid installments of interest, and all costs and
expenses in connection with any action or proceeding by or on behalf of
the holders of bonds, are fully met and discharged and such contracts
are fully performed on the part of the corporation. The corporation is
authorized to include this pledge and agreement of the state in any
agreement with the holders of bonds.