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2019 Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 21.2. Tax Increment Replacement
6-1.1-21.2-6.6. "Obligation"
Universal Citation: IN Code § 6-1.1-21.2-6.6 (2019)
IC 6-1.1-21.2-6.6 "Obligation"
Sec. 6.6. 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.
As added by P.L.146-2008, SEC.235.
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