Indiana § 6-9-42-10 - Covenant
Full text of Indiana Indiana Code § 6-9-42-10 — Covenant, with citation guidance and answers to common questions.
§ 6-9-42-10. Covenant
Sec. 10. With respect to:
(1) bonds, leases, or other obligations to which the city has pledged revenues under this chapter; and
(2) bonds issued by a lessor that are payable from lease rentals;
the general assembly covenants with the city and the purchasers or owners of the bonds or other obligations described in this section that this chapter will not be repealed or amended in any manner that will adversely affect the collection of the tax imposed under this chapter or the money deposited in the city admissions tax fund, as long as the principal of or interest on any bonds, or the lease rentals due under any lease, are unpaid.
As added by P.L.182-2009(ss), SEC.262.
IC 6-9-43Chapter 43. Cloverdale Food and Beverage Tax
6-9-43-1Applicability 6-9-43-2Applicable definitions 6-9-43-3Imposition of tax by ordinance 6-9-43-4Taxable transactions 6-9-43-5Tax rate 6-9-43-6Collection procedures 6-9-43-7Distribution of tax revenue 6-9-43-8Deposit of tax revenue 6-9-43-9Use of tax revenue 6-9-43-10Expiration of tax
Frequently Asked Questions About Indiana § 6-9-42-10
What does Indiana Code § 6-9-42-10 cover?
Section 6-9-42-10 ("Covenant") 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 § 6-9-42-10?
A common citation format is "Indiana Code § 6-9-42-10" (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 § 6-9-42-10 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.