Sec. 13. "Economic development obligation" means any loan or lease by a lender or lessor approved by the board for depositories as responsible and able to service the loan or lease properly, which is used to finance all or any portion of the cost of an economic development project.
Ind. Code § 5-13-4-13
"Economic development obligation"
As added by P.L.19-1987, SEC.6
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.