Sec. 4.9. With respect to:
(1) bonds, leases, or other obligations to which the bureau has pledged revenues under this chapter; and
(2) bonds issued by a lessor that are payable from lease rentals;
the general assembly covenants with the bureau and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the promotion fund or the alternate revenue 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.46-1998, SEC.4. Amended by P.L.168-2005, SEC.6.
Structure Indiana Code
Article 9. Innkeeper's Taxes; Other Local Taxes
Chapter 2. Lake County Innkeeper's Tax
6-9-2-1. Tax on Lodgings; Rate; Returns; Disposition of Revenue
6-9-2-2. Allocation of Revenue
6-9-2-3. Convention and Visitor Bureau; Creation; Membership; Terms; Removal of Member; Organization
6-9-2-4.3. Convention, Tourism, and Visitor Promotion Alternate Revenue Fund
6-9-2-4.5. Visitor Center Funding; Allocation From Promotion Fund and Alternate Revenue Fund
6-9-2-4.7. Issuance of Bonds; Negotiation and Sale; Leases
6-9-2-4.9. State Covenant on Bond Payments
6-9-2-5.5. Public Purpose of Visitor Center
6-9-2-10. Insurance Benefits for Convention and Visitors Bureau Employees
6-9-2-10.3. Legalization of Certain Actions Relating to Insurance Benefits Taken Before May 6, 2005
6-9-2-11. Bureau Treated as a Political Subdivision for Certain Purposes