Indiana Code 6-9-42-10. Covenant
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Sec. 10. With respect to:
(2) bonds issued by a lessor that are payable from lease rentals;
(1) bonds, leases, or other obligations to which the city has pledged revenues under this chapter; and
Terms Used In Indiana Code 6-9-42-10
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the city admissions tax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.182-2009(ss), SEC.262.