Indiana Code Title 36. Local Government § 36-7.5-4.5-16.5

(1) make a cash payment to the development authority;  or

(2) provide revenues to the development authority annually to make debt service payments annually for the life of any:

by the development authority;

(1) an associate member;

(2) a cash participant;  or

(3) the state;

(1) constitutes the obligations of the development authority;  and

(2) does not constitute an indebtedness of:

within the meaning or application of any constitutional or statutory provision or limitation.

(1) The statutes governing local government revenues, including the transferred revenue, have been the subject of legislation annually since 1973, and during that time the statutes have been revised, amended, expanded, limited, and recodified dozens of times.

(2) Owners of bonds, leases, or other obligations to which local government revenues have been pledged recognize that the regulation of government revenues has been extensive and consistent.

(3) All bonds, leases, or other obligations, due to their essential contractual nature, are subject to relevant state and federal law that is enacted after the date of a contract.

(4) The state of Indiana has a legitimate interest in assisting the northwest Indiana regional development authority in financing rail projects, including the mainline double tracking project.