Bonds and leases; adverse legislation
Sec. 3.9. With respect to:
(1) bonds or leases to which the commission 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 commission and the
purchasers or owners of the bonds 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chapter will not be repealed or amended in any manner that will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 convention and visitor promotion 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.11-2001, SEC.4.
Last modified: May 28, 2006