User fee pledges; effect of amendments or repeal of chapter

Ind. Code § 8-1.5-5-26, under Chapter 5. Department of Storm Water Management.

Ind. Code § 8-1.5-5-26

Sec. 26. With respect to bonds for which a pledge has been made under section 25 of this chapter, the general assembly covenants with the holders of these bonds that: (1) this chapter will not be repealed or amended in a manner that will adversely affect the imposition or collection of the user fees under this chapter; and

(2) this chapter will not be amended in a manner that will change the purpose for which revenues from the user fees imposed under this chapter may be used; as long as those bonds are outstanding. As added by P.L.125-1987, SEC.1.