Pledge of revenues; enforceability; covenant by the general assembly
Ind. Code § 6-3.6-10-6
in effectRevisor's Note: The effective date of this section, as amended by P.L.68-2025, was amended by P.L.157-2026, SEC.290 to 1-1-2029.
Note: This version of section effective 1-1-2029. See also preceding version of this section, effective until 1-1-2029.
Sec. 6. (a) A pledge of revenues from a tax imposed under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its expiration) is enforceable in accordance with IC 5-1-14.
(b) With respect to obligations for which a pledge has been made under IC 6-3.6-6 or IC 6-3.6-7 (but not IC 6-3.6-5 before its expiration), the general assembly covenants with the county and the purchasers or owners of those obligations that this article will not be repealed or amended in any manner that will adversely affect the tax collected under this article as long as the principal of or interest on those obligations is unpaid.
As added by P.L.243-2015, SEC.10. Amended by P.L.68-2025, SEC.177.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026