Sec. 1.5. As used in this chapter, "obligations" refers to a contract or promise to pay of a political subdivision that would be considered a bond or lease under this chapter but for the fact that it is payable solely from funds other than property taxes. As added by P.L.25-1995, SEC.44.
"Obligations"
Ind. Code § 6-1.1-20-1.5, under Chapter 20. Procedures for Issuance of Bonds and Other Evidences of Indebtedness by Political Subdivisions.
Ind. Code § 6-1.1-20-1.5