Ind. Code § 6-9-2-4.9
State covenant on bond payments
Indiana · Indiana Code Title 6 — Taxation · Status: effective
Cite this
- Citation
- Ind. Code § 6-9-2-4.9, State covenant on bond payments, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1614780
- Permanent ID
ys:prov:1614780@1- SHA-256
49feb4ab5a7c69aaca9e13e18a1f97f5612356093ae2efa571c446423adf3db4
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 4.9. With respect to:
(1) bonds, leases, or other obligations to which the bureau has pledged revenues under this chapter; and
(2) bonds issued by a lessor that are payable from lease rentals;
the general assembly covenants with the bureau and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the promotion fund or the alternate revenue fund as long as the principal of or interest on any bonds, or the lease rentals due under any lease, are unpaid.