Indiana Code 5-1.2-9-21. Bonds not general obligation of the state
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Terms Used In Indiana Code 5-1.2-9-21
- 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. 21. Bonds issued to fund a program under this chapter are not in any respect a general obligation of the state, nor are they payable in any manner from revenues raised by taxation.
As added by P.L.189-2018, SEC.25.