Terms Used In Indiana Code > Title 2 > Article 3.5 - Legislative Retirement Benefits

• account: refers to an individual development account. See Indiana Code 4-4-28-1
• alternative fuel: means liquefied petroleum gas, a compressed natural gas product, or a combination of liquefied petroleum gas and a compressed natural gas product, not including a biodiesel fuel or biodiesel blend, used in an internal combustion engine or a motor to propel a motor vehicle. See Indiana Code 4-4-32.2-1
• alternative fuel: means liquefied petroleum gas, a compressed natural gas product, or a combination of liquefied petroleum gas and a compressed natural gas product, not including a biodiesel fuel or biodiesel blend, used in an internal combustion engine or a motor to propel a motor vehicle. See Indiana Code 4-4-32.3-1
• alternative fuel conversion kit: means any equipment used to convert a motor vehicle that is not an alternative fuel vehicle into an alternative fuel vehicle, in conformance with any applicable governmental or other nationally recognized safety or design standards, as determined under standards adopted by the office under section 8(1) of this chapter. See Indiana Code 4-4-32.3-2
• alternative fuel vehicle: means any motor vehicle that is designed to operate:

  Indiana Code 4-4-32.3-3

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• applicable statute: refers to the statute under which a redistricting authority is required to establish election districts. See Indiana Code 3-5-10-3
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• authority: refers to the Indiana housing and community development authority established under IC 5-20-1. See Indiana Code 4-4-28-1.5
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• census event: refers to any of the following:

  Indiana Code 3-5-10-4

• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• community development corporation: means a private, nonprofit corporation:

  Indiana Code 4-4-28-2

• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Decedent: A deceased person.
• Dependent: A person dependent for support upon another.
• director: refers to the director of the office of community and rural affairs appointed under section 5 of this chapter. See Indiana Code 4-4-9.7-1
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• financial institution: means a bank, savings association, credit union, or any other institution regulated under IC 28 or federal law. See Indiana Code 4-4-28-3
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• fueling station: refers to tangible property (other than a building and its structural components) that:

  Indiana Code 4-4-32.2-3

• fund: refers to an individual development account fund established by a community development corporation under section 13 of this chapter. See Indiana Code 4-4-28-4
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• government employee: refers to an employee of a unit. See Indiana Code 3-5-9-2
• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• individual development account: means an account in a financial institution administered by a community development corporation that allows a qualifying individual to deposit money:

  Indiana Code 4-4-28-5

• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• location: refers to one (1) or more parcels of land that:

  Indiana Code 4-4-32.2-4

• minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
• motor fuel: has the meaning set forth in Indiana Code 4-4-32.2-5
• motor vehicle: has the meaning set forth in IC 9-13-2-105(a). See Indiana Code 4-4-28-5.5
• motor vehicle: means any vehicle that:

  Indiana Code 4-4-32.2-6

• motor vehicle: means any vehicle that:

  Indiana Code 4-4-32.3-3.8

• name: refers to any of the following:

  Indiana Code 3-5-7-3

• office: refers to the office of community and rural affairs established by section 4 of this chapter. See Indiana Code 4-4-9.7-2
• office: refers to the Indiana office of energy development established by IC 4-3-23-3. See Indiana Code 4-4-32.2-7
• office: refers to the Indiana office of energy development established by IC 4-3-23-3. See Indiana Code 4-4-32.3-4
• plan: refers to the description of the districts that a redistricting authority is required to establish. See Indiana Code 3-5-10-5
• Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• qualified investment: refers to an ordinary and usual expense that is incurred after June 30, 2009, to purchase any part of an alternative fuel compatible fueling station for the purpose of:

  Indiana Code 4-4-32.2-8

• qualified purchase: refers to the purchase by a unit after June 30, 2009, of any of the following:

  Indiana Code 4-4-32.3-5

• qualifying individual: means an individual or a member of an individual's household who may establish an individual development account because the individual:

  Indiana Code 4-4-28-6

• redistricting authority: refers to the body or other authority that is required to redraw election districts for local or school board offices. See Indiana Code 3-5-10-6
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• secretary: refers to the lieutenant governor as secretary of agriculture and rural development, as provided in Indiana Code 4-4-9.7-3
• Trustee: A person or institution holding and administering property in trust.
• unit: means a county, city, town, township, or school corporation. See Indiana Code 4-4-32.2-9
• unit: means a county, city, town, township, or school corporation. See Indiana Code 4-4-32.3-6
• unit: means a county, city, town, or township. See Indiana Code 3-5-9-3