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Indiana Code — Title 6 (Taxation)

IC 6-9-2-4.9

State covenant on bond payments

Official textiga.in.govlast amended

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and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the promotion fund or the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.
As added by P.L.46-1998, SEC.4. Amended by P.L.168-2005, SEC.6.

Amendment history

As added by P.L.46-1998, SEC.4. Amended by P.L.168-2005, SEC.6.

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Nearby sections (25 sections)
  1. 6-9-1-6.4 · Morris Performing Arts Center fund
  2. 6-9-1-6.5 · Tourism capital investment fund
  3. 6-9-1-7 · Proposed budget; approval
  4. 6-9-2-0.3 · Repealed
  5. 6-9-2-1 · Tax on lodgings; rate; returns; disposition of revenue
  6. 6-9-2-1.5 · Tax rate increase; allocation of revenue attributable to
  7. 6-9-2-2 · Allocation of revenue
  8. 6-9-2-3 · Convention and visitor bureau; creation; membership; terms;
  9. 6-9-2-4 · Powers of bureau
  10. 6-9-2-4.3 · Convention, tourism, and visitor promotion alternate revenue
  11. 6-9-2-4.5 · Visitor center funding; allocation from promotion fund and
  12. 6-9-2-4.7 · Issuance of bonds; negotiation and sale; leases
  13. 6-9-2-4.9 · State covenant on bond payments
  14. 6-9-2-5 · Violations
  15. 6-9-2-5.5 · Public purpose of visitor center
  16. 6-9-2-6 · Repealed
  17. 6-9-2-7 · Repealed
  18. 6-9-2-8 · Repealed
  19. 6-9-2-9 · Annual report regarding disposition of money collected;
  20. 6-9-2-10 · Insurance benefits for convention and visitors bureau
  21. 6-9-2-10.3 · Legalization of certain actions relating to insurance…
  22. 6-9-2-11 · Bureau treated as a political subdivision for certain…
  23. 6-9-2.5-1 · Application of chapter
  24. 6-9-2.5-1.1 · Definitions
  25. 6-9-2.5-2 · Convention and visitor commission; creation
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