Sec. 13. The general assembly pledges to and covenants with the owner of any bonds issued under this chapter that the general assembly will not limit or alter the ability of the county to fulfill the terms of the agreements or pledges made with bondholders or in any way impair the rights or remedies of the bondholders until the bonds and related obligations are fully met and discharged.
As added by P.L.113-1989, SEC.9.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 18. County Roads─financing and Bonding
Chapter 22. County Road and Bridge Bonding
8-18-22-1. Applicability of Chapter
8-18-22-3. Bond Issues; Purposes; Notice and Hearing; Multiple Projects Funded by Single Issue
8-18-22-4. Ordinance Authorizing Bonds; Method of Sale; Price
8-18-22-5. Optional Provisions of Ordinance
8-18-22-6. Pledge of Revenues; Covenants Not to Impair Pledged Taxes
8-18-22-8. Execution and Attestation of Bonds
8-18-22-9. Use of Bond Proceeds
8-18-22-10. Bonds as Negotiable Instruments; Registration
8-18-22-12. Exemption From Securities Registration Laws
8-18-22-13. State Covenant Not to Impair Bondholder Rights and Remedies