Indiana Code 36-7.5-4.5-29. Expenses; liabilities; obligations
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Terms Used In Indiana Code 36-7.5-4.5-29
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 29. All expenses incurred in carrying out this chapter are payable solely from revenue received under this chapter or from the proceeds of the financial instruments issued by the development authority payable from revenues received under this chapter. A liability or obligation may not be incurred by the development authority that is greater than the revenue to be received under this chapter.
As added by P.L.248-2017, SEC.10.