Indiana § 6-9-20-9 Bonds, leases, or other obligations; covenants of general assembly

Indiana Statutes

§ 6-9-20-9 — Bonds, leases, or other obligations; covenants of general assembly

Indiana § 6-9-20-9

Art. 9INNKEEPER'S TAXES; OTHER LOCAL TAXES

Ch. 20Vanderburgh County Food and Beverage Tax

This text of Indiana § 6-9-20-9 (Bonds, leases, or other obligations; covenants of general assembly) 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 § 6-9-20-9 (2026).

Text

With respect to bonds, leases, or other
obligations for which a pledge of revenues of the food and beverage tax
imposed under this chapter has been made by the county as set forth in
section 8.7 or 8.9 of this chapter, and bonds issued by a lessor that are
payable from lease rentals, the general assembly covenants with the
county, the most populated municipality in the county, and the
purchasers or owners of the bonds or other obligations described in this
subdivision that this chapter will not be repealed or amended in any
manner that will adversely affect the imposition or collection of the
food and beverage tax imposed by this chapter as long as the principal
of any bonds, the interest on any bonds, or the lease rentals due under
any lease are unpaid.

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With respect to bonds, leases, or other
obligations for which a pledge of revenues of the food and beverage tax
imposed under this chapter has been made by the county as set forth in
section 8.7 or 8.9 of this chapter, and bonds issued by a lessor that are
payable from lease rentals, the general assembly covenants with the
county, the most populated municipality in the county, and the
purchasers or owners of the bonds or other obligations described in this
subdivision that this chapter will not be repealed or amended in any
manner that will adversely affect the imposition or collection of the
food and beverage tax imposed by this chapter as long as the principal
of any bonds, the interest on any bonds, or the lease rentals due under
any lease are unpaid.