Indiana Statutes

§ 8-18-22-13 — State covenant not to impair bondholder rights and remedies

Indiana·Art. 18 COUNTY ROADS─FINANCING AND BONDING·Ch. 22 County Road and Bridge Bonding
The general assembly pledges to and covenants with the owner of any bonds issued under this chapter that the general assembly will not limit or alter the ability of the county to fulfill the terms of the agreements or pledges made with bondholders or in any way impair the rights or remedies of the bondholders until the bonds and related obligations are fully met and discharged.

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Indiana § 8-18-22-13 (State covenant not to impair bondholder rights and remedies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.113-1989, SEC.9.

Nearby Sections

15
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