Indiana § 8-25-5-6 - Pledges of revenues, covenants
Full text of Indiana Indiana Code § 8-25-5-6 — Pledges of revenues, covenants, with citation guidance and answers to common questions.
§ 8-25-5-6. Pledges of revenues, covenants
Sec. 6. (a) Except as provided in subsection (b), the county fiscal body may pledge revenues for the payment of principal and interest on the bonds and for other purposes under the ordinance as provided by IC 5-1-14-4, including revenues from the local income tax in Delaware County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, or Marion County.
(b) The county fiscal body may not pledge to levy ad valorem property taxes for these purposes.
(c) If the county fiscal body has pledged revenues from the local income tax as set forth in subsection (a), the county fiscal body may covenant that the county fiscal body will not repeal or modify the tax in a manner that would adversely affect owners of outstanding bonds issued under this chapter. The county fiscal body may make the covenant by adopting an ordinance.
As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.95; P.L.247-2017, SEC.29.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-25-5-6
What does Indiana Code § 8-25-5-6 cover?
Section 8-25-5-6 ("Pledges of revenues, covenants") 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 § 8-25-5-6?
A common citation format is "Indiana Code § 8-25-5-6" (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 § 8-25-5-6 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.