Ind. Code § 8-22-3.7-23

Impairment of bondholder rights

As added by P.L.108-1993, SEC.11.

The general assembly covenants that it will not:

  1. (1) repeal or amend this chapter, IC 8-22-3.5 , or IC 8-22-3.6 in a manner that would adversely affect owners of outstanding bonds, or payment of any lease rentals, secured by the revenues pledged under this chapter, IC 8-22-3.5 , or IC 8-22-3.6 ; or
  2. (2) in any way impair the rights of owners of bonds of the development authority, or the owners of bonds secured by lease rentals, secured by a pledge of revenues under this chapter or IC 8-22-3.6 .

As added by P.L.108-1993, SEC.11.

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