Indiana § 8-10-1-4.5 Certain pledges prohibited

Indiana Statutes

§ 8-10-1-4.5 — Certain pledges prohibited

Indiana § 8-10-1-4.5

Art. 10PORTS

Ch. 1Ports of Indiana─Organization

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Bluebook

Ind. Code § 8-10-1-4.5 (2026).

Text

5. Except as specifically authorized by the general assembly, the ports of Indiana may not pledge, in any form, to:

(1)seek funding from the state in the event of any default in the payment of revenue bonds; or

(2)specify, in any form, in an agreement related to revenue bonds that money appropriated by the general assembly may or shall be deposited in a debt service fund or reserve fund for the revenue bonds.

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5. Except as specifically authorized by the
general assembly, the ports of Indiana may not pledge, in any form, to:
(1) seek funding from the state in the event of any default in the
payment of revenue bonds; or
(2) specify, in any form, in an agreement related to revenue bonds
that money appropriated by the general assembly may or shall be
deposited in a debt service fund or reserve fund for the revenue
bonds.