### Question
How does INFRASTRUCTURE FINANCE define project obligation?


### Answer
Under *23 U.S.C. § 181*, **project obligation** is defined as:

> any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument

#### Citation:
  - *23 U.S.C. § 181*
  - Heading: **CHAPTER 1-FEDERAL-AID HIGHWAYS > SUBCHAPTER II-INFRASTRUCTURE FINANCE**

