- (a) Notwithstanding any other law, for bonds, leases, or any other obligations incurred after May 9, 2025, a county, city, town, and any other taxing unit may not pledge for payment from tax revenue received under this article an amount that exceeds an amount equal to twenty-five percent (25%) of the taxing unit's certified distribution under this article.
- (b) This section expires July 1, 2028.
As added by P.L.68-2025, SEC.178. Amended by P.L.157-2026, SEC.148.