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.153-2014, SEC.17.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 25. Central Indiana Public Transportation Projects
Chapter 5. Bonding for Central Indiana Public Transportation Projects
8-25-5-3. Bond Issues; Purposes; Notice and Hearing
8-25-5-4. Ordinance Authorizing Bonds; Method of Sale; Price
8-25-5-5. Optional Provisions of Ordinance
8-25-5-6. Pledges of Revenues, Covenants
8-25-5-8. Execution and Attestation of Bonds
8-25-5-9. Use of Bond Proceeds
8-25-5-10. Bonds as Negotiable Instruments; Registration
8-25-5-12. Exemption From Securities Registration Laws
8-25-5-13. State Covenant Not to Impair Bondholder Rights and Remedies
8-25-5-14. Certain Procedures for Issuance of Bonds Inapplicable