Indiana Code
Chapter 14. Miscellaneous Provisions
5-1-14-9. Rights of Owners of Obligations Not to Be Impaired

Sec. 9. (a) The general assembly covenants that it will not adopt, amend, or repeal a statute in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.
(b) An agency (as defined in IC 4-22-2-3) may not adopt, amend, or repeal a rule under IC 4-22-2 in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.
As added by P.L.2-1989, SEC.7.

Structure Indiana Code

Indiana Code

Title 5. State and Local Administration

Article 1. Bonds and Other Obligations

Chapter 14. Miscellaneous Provisions

5-1-14-1. Bonds, Notes, or Warrants Not Subject to Maximum Interest Rate Limitations

5-1-14-1.2. Issuer Defined

5-1-14-1.3. Definitions

5-1-14-1.5. Obligations Defined

5-1-14-2. Provisions for Payment of Bonds, Notes, or Warrants Before Maturity Date

5-1-14-3. Maintenance of Federal Tax Exclusion From Gross Income for Interest on Bonds

5-1-14-4. Pledge Made by Issuer Binding; Lien

5-1-14-5. Bond Anticipation Notes; Issuance

5-1-14-6. Use of Proceeds for Costs of Issuance of Obligation, Funding Debt Services Reserves, or Payment of Interest; Reimbursements

5-1-14-7. Application of Section; Stadium; Lease Rental Tax

5-1-14-8. Money Withheld by Auditor as Not Creating Debt for Constitutional Purposes

5-1-14-9. Rights of Owners of Obligations Not to Be Impaired

5-1-14-10. Maximum Term or Repayment Period of Obligations; Continuation of Payments

5-1-14-11. Payment of Fees and Charges Authorized

5-1-14-12. Refunding Obligations

5-1-14-12.5. Purchase and Issuance of Obligations on Terms Reasonable to Issuer

5-1-14-13. Contesting Validity of Obligations

5-1-14-14. Loans, Expenditures, and Issuance of Bonds for Economic Development

5-1-14-15. Bonds and Obligations to Fund Pension Benefits

5-1-14-16. Payment of Principal and Interest on Obligations in Nearly Equal Payment Amounts and at Regular Designated Intervals; Exceptions

5-1-14-17.2. Bond Financing; Swap Agreement Restrictions

5-1-14-18. Validity of Electronic Signatures