B. This state, including all agencies, public corporations, municipalities or other instrumentalities of this state, pledges to and agrees with the financing parties, including present and future holders of transition bonds, the public power entity, the qualified special purpose entity and any other persons that enter into an ancillary agreement that after the issuance of transition bonds and until all financing costs, including the principal and interest on the transition bonds and all amounts to be paid under an ancillary agreement, are fully met and discharged, this state or any agency, public corporation, municipality or other instrumentality of this state may not take or allow any action to be taken to limit, reduce, alter, impair, delay or terminate any of the following:

1. 1. The rights conferred by this chapter, including the rights in transition property or transition bonds.
2. 2. The imposition of financing charges and unit financing charges by the qualified special purpose entity.
3. 3. The operation of the true-up mechanism to adjust financing charges and unit financing charges.
4. 4. The collection of financing revenues in payment of financing charges and unit financing charges.
5. 5. The payment of financing costs.

E. A financing resolution, transition property and financing charges are not affected by either of the following:

1. 1. The bankruptcy, reorganization, sale, dissolution or insolvency of the public power entity or the qualified special purpose entity or the successors or assigns of the public power entity or the qualified special purpose entity.
2. 2. The commencement of any proceeding for bankruptcy or the appointment of a receiver as to either the public power entity, the qualified special purpose entity or the successors of the public power entity or the qualified special purpose entity.