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Indiana Code — Title 6 (Taxation)

IC 6-9-10-10

Covenant protecting bondholders

Official textiga.in.govlast amended

Sec. 10. With respect to:

# (1)

bonds, leases, or other obligations for which the county has pledged tax revenues under section 5 of this chapter; or

# (2)

bonds issued by a lessor that are payable from lease rentals;
the general assembly covenants with the county, the purchasers or owners of the bonds or other obligations described in subdivision (1), and the owners of bonds described in subdivision (2) that this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter if the principal of any bonds, the interest on any bonds, or the lease rentals due under any lease remain unpaid.
As added by P.L.224-2003, SEC.253.

Amendment history

As added by P.L.224-2003, SEC.253.

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Nearby sections (25 sections)
  1. 6-9-9-2 · Tax levy on business of renting or furnishing lodgings
  2. 6-9-9-3 · Tax rate; funding of convention and visitors bureau
  3. 6-9-9-4 · Exceptions
  4. 6-9-10-1 · Application of chapter
  5. 6-9-10-2 · Board of managers; creation; promotion of conventions and
  6. 6-9-10-3 · Meetings; officers; rules; quorum
  7. 6-9-10-4 · Funds; deposit; audit
  8. 6-9-10-5 · "Person"; powers of board
  9. 6-9-10-6 · Tax on lodgings; collection; additional rate to finance…
  10. 6-9-10-7 · Convention and tourism fund; account for revenues from
  11. 6-9-10-8 · Transfer and use of funds restricted; offenses
  12. 6-9-10-9 · Unique position of county to develop and promote convention
  13. 6-9-10-10 · Covenant protecting bondholders
  14. 6-9-10.5-1 · Application of chapter
  15. 6-9-10.5-1.5 · "Commission"
  16. 6-9-10.5-2 · "Executive"
  17. 6-9-10.5-3 · "Fiscal body"
  18. 6-9-10.5-4 · "Gross retail income"
  19. 6-9-10.5-5 · "Person"
  20. 6-9-10.5-6 · Tax on lodging authorized; maximum rate; collection
  21. 6-9-10.5-7 · Lake enhancement fund; deposit of revenue
  22. 6-9-10.5-8 · County promotion fund; deposit of revenue; permitted uses…
  23. 6-9-10.5-9 · Commission; membership; terms; oath
  24. 6-9-10.5-10 · Powers of commission; payment of commission expenses
  25. 6-9-10.5-11 · Investment and payment of commission funds
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