With respect to obligations of the capital improvement board described in section 12(a) of this chapter and bonds, leases, or other obligations for which a pledge has been made under section 14 of this chapter, the general assembly covenants with the holders of these obligations that:(1) this chapter will not be repealed or amended in any manner that will adversely affect the imposition or collection of the tax imposed under this chapter; and(2) this chapter will not be amended in any manner that will change the purpose for which revenues from the tax imposed under this chapter may be used;as long as the payment of any of those obligations is outstanding.As added by P.L.214-2005, SEC.44.
Indiana Legal Code