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Indiana Code — Title 6 (Taxation)

IC 6-9-25-12

Bonds, leases, or other obligations; adverse legislation

Official textiga.in.govlast amended

covenant
Sec. 12. With respect to:

# (1)

bonds, leases, or other obligations for which a pledge of revenues of the food and beverage tax imposed under this chapter has been made by the county as set forth in section 11 or 11.5 of this chapter; and

# (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described in subdivision (1), and the owners of bonds described in subdivision (2) that this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the food and beverage tax imposed by this chapter as long as the principal of any bonds, the interest on any bonds, or the lease rentals due under any lease are unpaid.
As added by P.L.75-1988, SEC.6. Amended by P.L.50-1994, SEC.8.

Amendment history

As added by P.L.75-1988, SEC.6. Amended by P.L.50-1994, SEC.8.

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Nearby sections (25 sections)
  1. 6-9-25-4 · Taxable transactions
  2. 6-9-25-5 · Tax rate
  3. 6-9-25-6 · Imposition, payment, and collection of tax; return
  4. 6-9-25-7 · Monthly payment of tax receipts to county treasurer
  5. 6-9-25-8 · Food and beverage tax receipts fund; establishment;
  6. 6-9-25-9 · Use of food and beverage tax money received before July 1,
  7. 6-9-25-9.5 · Use of food and beverage tax money; capital expenditures
  8. 6-9-25-10 · Repealed
  9. 6-9-25-10.5 · County food and beverage tax council; establishment;…
  10. 6-9-25-10.7 · Ordinance to rescind food and beverage tax; procedures;
  11. 6-9-25-11 · Bonds; issuance; payment; lease of facilities
  12. 6-9-25-11.5 · Bonds, leases, or other obligations; validity
  13. 6-9-25-12 · Bonds, leases, or other obligations; adverse legislation
  14. 6-9-25-13 · Tourism and economic development projects; financing;
  15. 6-9-25-14 · Basketball hall of fame; operation and maintenance fund; use
  16. 6-9-25-15 · County food and beverage tax advisory committee
  17. 6-9-25-16 · Expiration of chapter
  18. 6-9-26-1 · Application of chapter
  19. 6-9-26-2 · Definitions
  20. 6-9-26-3 · Rate of tax; ordinance
  21. 6-9-26-4 · Copy of ordinance
  22. 6-9-26-5 · Effective date and application of ordinance
  23. 6-9-26-6 · Application of tax
  24. 6-9-26-7 · Food served off-premises, in heated state, or with eating
  25. 6-9-26-8 · Exemptions
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