Indiana Code 8-1.5-5-26. User fee pledges; effect of amendments or repeal of chapter
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Sec. 26. With respect to bonds for which a pledge has been made under section 25 of this chapter, the general assembly covenants with the holders of these bonds that:
(2) this chapter will not be amended in a manner that will change the purpose for which revenues from the user fees imposed under this chapter may be used;
(1) this chapter will not be repealed or amended in a manner that will adversely affect the imposition or collection of the user fees under this chapter; and
Terms Used In Indiana Code 8-1.5-5-26
- User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.
as long as those bonds are outstanding.
As added by P.L.125-1987, SEC.1.