Indiana § 6-9-36-12 - State covenant on bond payments
Full text of Indiana Indiana Code § 6-9-36-12 — State covenant on bond payments, with citation guidance and answers to common questions.
§ 6-9-36-12. State covenant on bond payments
Sec. 12. With respect to obligations of the board described in section 8(a) of this chapter and bonds, leases, or other obligations for which a pledge has been made under section 10 of this chapter, the general assembly covenants with the holders of these obligations that:
(1) this chapter will not be repealed or amended in any manner that will adversely effect the imposition or collection or the tax imposed under this chapter; and
(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;
as long as the payment of any of those obligations is outstanding.
As added by P.L.44-2026, SEC.19.
IC 6-9-37Chapter 37. Hendricks County Innkeeper's Tax
6-9-37-1Application of chapter; transition of fund, commission, and rate 6-9-37-2Definitions 6-9-37-3Imposition 6-9-37-4Convention, visitor, and tourism promotion fund; uses 6-9-37-5Commission; membership; officers 6-9-37-6Commission powers 6-9-37-7Revenue deposits; audits 6-9-37-8Revenue transfers; prohibitions; penalty
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 6-9-36-12
What does Indiana Code § 6-9-36-12 cover?
Section 6-9-36-12 ("State covenant on bond payments") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 6-9-36-12?
A common citation format is "Indiana Code § 6-9-36-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 6-9-36-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.