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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 9. INNKEEPER'S TAXES; OTHER LOCAL TAXES
CHAPTER 35. Stadium and Convention Building Food and Beverage Tax Funding
6-9-35-16. Payment of obligations; covenant with holders
Universal Citation: IN Code § 6-9-35-16 (2018)
IC 6-9-35-16 Payment of obligations; covenant with holders
Sec. 16. With respect to obligations of the capital improvement board described in section 12(a) of this chapter and bonds, leases, or other obligations for which a pledge has been made under section 14 of this chapter, 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(1) this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter; and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.214-2005, SEC.44.
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