Indiana Code — Title 6 (Taxation)
IC 6-9-34-7
Covenant of general assembly; impairment of bonds
Sec. 7. With respect to:
# (1)
bonds, leases, or other obligations to which the city 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 city and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the city ticket tax fund, as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.254-2003, SEC.13.
Amendment history
As added by P.L.254-2003, SEC.13.
Source: view the official text
Nearby sections (25 sections)
- 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- 6-9-33-10 · Repealed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"
- 6-9-35-4 · "Capital improvement board"
- 6-9-35-5 · Imposition; deadline; rate; conditions; ordinance
- 6-9-35-6 · Transmission of ordinance to state
- 6-9-35-7 · Application to transactions
- 6-9-35-8 · Transactions taxed
- 6-9-35-9 · Transactions taxed
- 6-9-35-10 · Transactions exempt
- 6-9-35-11 · Collection and payment; returns
- 6-9-35-12 · Tax revenue distributions