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Indiana Code — Title 6 (Taxation)

IC 6-9-26-15

Pledge of funds to finance obligations

Official textiga.in.govlast amended

Sec. 15. (a) The county may enter into an agreement under which amounts deposited in, or to be deposited in, the fund are pledged to payment of obligations issued to finance the uses for the money authorized under section 12 or 12.5 of this chapter.

(b) With respect to obligations for which a pledge has been made under subsection (a), the general assembly covenants with the holders of these obligations that:

# (1)

this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter; and

# (2)

this chapter will not be amended in any manner that will change the purpose for which revenues from the tax imposed under this chapter may be used;
as long as the payment of any of those obligations is outstanding.
As added by P.L.74-1988, SEC.2. Amended by P.L.51-1992, SEC.4.

Amendment history

As added by P.L.74-1988, SEC.2. Amended by P.L.51-1992, SEC.4.

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Nearby sections (25 sections)
  1. 6-9-26-4 · Copy of ordinance
  2. 6-9-26-5 · Effective date and application of ordinance
  3. 6-9-26-6 · Application of tax
  4. 6-9-26-7 · Food served off-premises, in heated state, or with eating
  5. 6-9-26-8 · Exemptions
  6. 6-9-26-9 · Collection; returns
  7. 6-9-26-10 · Receipt of taxes
  8. 6-9-26-11 · Economic development project fund; establishment; deposits
  9. 6-9-26-12 · Use of funds
  10. 6-9-26-12.5 · Transfer of funds; use
  11. 6-9-26-13 · Disbursements; resolution and findings; restrictions on use
  12. 6-9-26-14 · Repeal of ordinance
  13. 6-9-26-15 · Pledge of funds to finance obligations
  14. 6-9-26-16 · Repeal of ordinance; effective date; copy
  15. 6-9-26-17 · Expiration of chapter
  16. 6-9-27-1 · Application of chapter
  17. 6-9-27-2 · Definitions
  18. 6-9-27-3 · Adoption of ordinance
  19. 6-9-27-4 · Transactions; application of tax
  20. 6-9-27-5 · Amount; increase ordinance
  21. 6-9-27-5.5 · Certified copy of increase ordinance; application of…
  22. 6-9-27-6 · Imposition, payment, and collection; returns
  23. 6-9-27-7 · Payments to municipal fiscal officer
  24. 6-9-27-8 · Town food and beverage tax receipts fund
  25. 6-9-27-8.5 · City food and beverage tax receipts fund
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