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You would need a constitutional ammendment. The Contracts Clause: The Contracts Clause of the U.S. Constitution (Article I, Section 10, Clause 1) > No State s
by cma 3y ago
You would need a constitutional ammendment.
The Contracts Clause: The Contracts Clause of the U.S. Constitution (Article I, Section 10, Clause 1)
> No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title ...
You could still take it back with eminent domain probably, but would have to compensate I think at current value, not at bad negotiated value from some time ago.