Pledges
Sec. 23. (a) A pledge of county adjusted gross income tax
revenues under this chapter is enforceable in accordance with
IC 5-1-14.
(b) With respect to obligations for which a pledge has been made
under this chapter, the general assembly covenants with the county
and the purchasers or owners of those obligations 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will not be repealed or amended in any manner that will adversely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 as long as
the principal of or interest on those obligations is unpaid.
As added by P.L.135-2001, SEC.5.
Last modified: May 28, 2006