§ 6-1-1-21-2-6-6

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.