Ind. Code § 6-1.1-21.2-6.6

Current through P.L. 171-2024

Section 6-1.1-21.2-6.6 - "Obligation"

As used in this chapter, "obligation" means an obligation to repay:

(1) the principal and interest on bonds;

(2) lease rentals on leases; or

(3) any other contractual obligation;

payable from tax increment revenues. The term includes a guarantee of repayment from tax increment revenues if other revenues are insufficient to make a payment.

IC 6-1.1-21.2-6.6

As added by P.L. 146-2008, SEC.235.