{"data":{"id":"us-in/ic-6-9-35-16","jurisdiction":"us-in","citation":"IC 6-9-35-16","heading":"Payment of obligations; covenant with holders","body":"Sec. 16. With respect to obligations of the capital improvement board described in section 12(a) of this chapter and bonds, leases, or other obligations for which a pledge has been made under section 14 of this chapter, the general assembly covenants with the holders of these obligations that:\n(1) this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter; and\n(2) this chapter will not be amended in any manner that will change the purpose for which revenues from the tax imposed under this chapter may be used;\nas long as the payment of any of those obligations is outstanding.","path":["TITLE 6. TAXATION","ARTICLE 9. INNKEEPER'S TAXES; OTHER LOCAL TAXES","Chapter 35. Stadium and Convention Building Food and Beverage Tax Funding"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-9-35-16","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"b5bcdc90671d2c5a91e142cb1349190444ff41525fe6a55ebf0dbb52c1ae9734","source_id":"us-in","stale":false,"prev":"us-in/ic-6-9-35-15","next":"us-in/ic-6-9-36-1"},"notice":"GroundRules: Original legal text. Not legal advice."}