"Obligation"

Ind. Code § 6-1.1-21.2-6.6
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026