Indiana § 8-1.5-5-26 User fee pledges; effect of amendments or repeal of chapter

Indiana Statutes

§ 8-1.5-5-26 — User fee pledges; effect of amendments or repeal of chapter

Indiana § 8-1.5-5-26

Art. 1.5MUNICIPAL UTILITIES

Ch. 5Department of Storm Water Management

This text of Indiana § 8-1.5-5-26 (User fee pledges; effect of amendments or repeal of chapter) 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 § 8-1.5-5-26 (2026).

Text

With respect to bonds for which a pledge has been made under section 25 of this chapter, the general assembly covenants with the holders of these bonds that:

(1)this chapter will not be repealed or amended in a manner that will adversely affect the imposition or collection of the user fees under this chapter; and

(2)this chapter will not be amended in a manner that will change the purpose for which revenues from the user fees imposed under this chapter may be used; as long as those bonds are outstanding.

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With respect to bonds for which a pledge has
been made under section 25 of this chapter, the general assembly
covenants with the holders of these bonds that:
(1) this chapter will not be repealed or amended in a manner that
will adversely affect the imposition or collection of the user fees
under this chapter; and
(2) this chapter will not be amended in a manner that will change
the purpose for which revenues from the user fees imposed under
this chapter may be used;
as long as those bonds are outstanding.