Indiana Code — Title 6 (Taxation)
IC 6-9-33-9
Payment of obligations
Sec. 9. (a) Obligations entered into before January 1, 2009, for the acquisition, expansion, remodeling, and improvement of an athletic and exhibition coliseum shall be retired by using money collected from a tax imposed under this chapter.
(b) With respect to obligations for which a pledge has been made under this section before January 1, 2009, 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this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter; and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.8-2000, SEC.3. Amended by P.L.176-2009, SEC.19.
Amendment history
As added by P.L.8-2000, SEC.3. Amended by P.L.176-2009, SEC.19.
Source: view the official text
Nearby sections (25 sections)
- 6-9-32-6 · Powers and duties of commission
- 6-9-32-7 · Handling and expenditure of commission money
- 6-9-32-8 · Unlawful transfers of money
- 6-9-33-1 · Application of chapter
- 6-9-33-2 · Definitions
- 6-9-33-3 · Ordinance imposing tax
- 6-9-33-4 · Taxable transactions; exemption
- 6-9-33-5 · Rate of tax
- 6-9-33-6 · Collection of tax; returns
- 6-9-33-7 · Payment of receipts to county treasurer
- 6-9-33-7.5 · Auditor's determination; percentage of food and beverage…
- 6-9-33-8 · Supplemental coliseum improvement fund; food and beverage
- 6-9-33-9 · Payment of obligations
- 6-9-33-10 · Repealed
- 6-9-33-11 · Coliseum operations; annual report
- 6-9-34-1 · Ordinance imposing tax; exemptions
- 6-9-34-2 · Admission tax rate
- 6-9-34-3 · Tax liability; duty to collect tax
- 6-9-34-4 · Remitting tax to city
- 6-9-34-5 · City ticket tax fund; deposits of tax; uses
- 6-9-34-6 · Agreement to facilitate administration
- 6-9-34-7 · Covenant of general assembly; impairment of bonds
- 6-9-35-1 · Application of chapter
- 6-9-35-2 · Application of definitions
- 6-9-35-3 · "Authority"