Indiana § 8-22-3.7-23 Impairment of bondholder rights

Indiana Statutes

§ 8-22-3.7-23 — Impairment of bondholder rights

Indiana § 8-22-3.7-23

Art. 22AIRPORTS

Ch. 3.7Airport Development Authority

This text of Indiana § 8-22-3.7-23 (Impairment of bondholder rights) 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 § 8-22-3.7-23 (2026).

Text

The general assembly covenants that it will not:

(1)repeal or amend this chapter, IC 8-22-3.5, or IC 8-22-3.6 in a manner that would adversely affect owners of outstanding bonds, or payment of any lease rentals, secured by the revenues pledged under this chapter, IC 8-22-3.5, or IC 8-22-3.6; or

(2)in any way impair the rights of owners of bonds of the development authority, or the owners of bonds secured by lease rentals, secured by a pledge of revenues under this chapter or IC 8-22-3.6.

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The general assembly covenants that it will
not:
(1) repeal or amend this chapter, IC 8-22-3.5, or IC 8-22-3.6 in a
manner that would adversely affect owners of outstanding bonds,
or payment of any lease rentals, secured by the revenues pledged
under this chapter, IC 8-22-3.5, or IC 8-22-3.6; or
(2) in any way impair the rights of owners of bonds of the
development authority, or the owners of bonds secured by lease
rentals, secured by a pledge of revenues under this chapter or IC 8-22-3.6.