Ind. Code § 6-9-2-4.9

Current through P.L. 171-2024

Section 6-9-2-4.9 - State covenant on bond payments

With respect to:

(1) bonds, leases, or other obligations to which the bureau has pledged revenues under this chapter; and

(2) bonds issued by a lessor that are payable from lease rentals;

the general assembly covenants with the bureau and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the promotion fund or the alternate revenue fund as long as the principal of or interest on any bonds, or the lease rentals due under any lease, are unpaid.

IC 6-9-2-4.9

As added by P.L. 46-1998, SEC.4. Amended by P.L. 168-2005, SEC.6.