Indiana § 6-9-2-4.9 State covenant on bond payments

Indiana Statutes

§ 6-9-2-4.9 — State covenant on bond payments

Indiana § 6-9-2-4.9

Art. 9INNKEEPER'S TAXES; OTHER LOCAL TAXES

Ch. 2Lake County Innkeeper's Tax

This text of Indiana § 6-9-2-4.9 (State covenant on bond payments) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-9-2-4.9 (2026).

Text

9. 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and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the promotion fund or the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.

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9. 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this chapter will not be repealed or amended in any manner that will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.