"Obligation"

Official textiga.in.govlast amended 2008

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.

Amendment history

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

Source: view the official text

Nearby sections (25 sections)

6-1.1-21.1-9 · Repayment of loan by city from any revenue sources
6-1.1-21.1-10 · Obligation to repay loan not basis to obtain excessive…
6-1.1-21.1-11 · Deposit by board of loan payments
6-1.1-21.1-12 · Loan proceeds received not considered part of levy…
6-1.1-21.1-13 · Chapter constitutes complete authority for loans
6-1.1-21.1-14 · Treasurer of state payment of delinquent loan payments…
6-1.1-21.2-1 · Repealed
6-1.1-21.2-2 · Applicability of definitions in IC 36
6-1.1-21.2-3 · "Allocation area"
6-1.1-21.2-4 · "Base assessed value"
6-1.1-21.2-5 · "District"
6-1.1-21.2-6 · "Governing body"
6-1.1-21.2-6.6 · "Obligation"
6-1.1-21.2-7 · "Property taxes"
6-1.1-21.2-8 · "Special fund"
6-1.1-21.2-9 · "Tax increment replacement amount"
6-1.1-21.2-10 · "Tax increment revenues"
6-1.1-21.2-11 · Tax increment replacement amount; calculation
6-1.1-21.2-12 · Governing body action to raise tax increment replacement
6-1.1-21.2-13 · Repealed
6-1.1-21.2-14 · Repealed
6-1.1-21.2-15 · Special assessment and tax collections deposited in…
6-1.1-21.2-16 · Adjustment for tax benefit
6-1.1-21.3-1 · "Board", "qualified taxing unit", and "qualifying…
6-1.1-21.3-2 · Qualifying taxing unit may apply to board for loan

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