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Terms Used In Indiana Code 36-12-13-5

  • 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. 5. A compact continues in force and remains binding on each party state until six (6) months after a state has given notice of repeal by the legislature. The repeal of an interstate library compact chapter does not relieve any party to an interstate library compact agreement from the obligation of that agreement before the end of the compact’s stipulated period of duration.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-14-11-5.]

As added by P.L.1-2005, SEC.49.