Indiana Code
Chapter 10. Permitted Expenditures
6-3.6-10-6. Pledge of Revenues; Enforceability; Covenant by the General Assembly

Sec. 6. (a) A pledge of revenues from a tax imposed under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5) is enforceable in accordance with IC 5-1-14.
(b) With respect to obligations for which a pledge has been made under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5), the general assembly covenants with the county and the purchasers or owners of those obligations that this article will not be repealed or amended in any manner that will adversely affect the tax collected under this article as long as the principal of or interest on those obligations is unpaid.
As added by P.L.243-2015, SEC.10.

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Structure Indiana Code

Indiana Code

Title 6. Taxation

Article 3.6. Local Income Taxes

Chapter 10. Permitted Expenditures

6-3.6-10-1. Scope of Chapter

6-3.6-10-2. Economic Development Purposes; Use of Revenue

6-3.6-10-3. Issuance of Bonds for Economic Development Projects; Minimum Tax Rate; Procedures; Covenant by the General Assembly

6-3.6-10-4. Lease of Property for Economic Development Projects; Procedures; Public Hearing; Findings; Sale of Leased Facility Under Option to Buy

6-3.6-10-5. Issuance and Sale of Obligations of Civil Taxing Unit or Lessor

6-3.6-10-6. Pledge of Revenues; Enforceability; Covenant by the General Assembly

6-3.6-10-7. Regional Venture Capital Fund; Deposit of Revenue Allocated for Economic Development; Uses of Money From the Fund; Interlocal Agreement; Administration of the Fund

6-3.6-10-8. Local Venture Capital Fund; Deposit of Revenue Allocated for Economic Development; Uses of Money From the Fund; Administration of the Fund