IC 8-25-5-13: State covenant not to impair bondholder rights and remedies
Where this section sits in the code
- TITLE 8. UTILITIES AND TRANSPORTATION
- ARTICLE 25. CENTRAL INDIANA PUBLIC TRANSPORTATION PROJECTS
- Chapter 5. Bonding for Central Indiana Public Transportation Projects
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.
Collected 2026-10-04T20:08:46Z. Source file · JSON