Terms Used In Indiana Code > Title 30 > Article 2 > Chapter 16 - Payroll Savings Plan Administration

• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• participant: means an individual who has accumulated a balance of funds with a payroll savings plan administrator through a payroll savings plan. See Indiana Code 30-2-16-1
• payroll savings plan: means a method provided by an employer to the employer's employees for the voluntary purchase of United States savings bonds on a regular schedule through the designation of an amount to be deducted each pay period until a sufficient amount accumulates to pay the purchase price of at least one (1) United States savings bond. See Indiana Code 30-2-16-2
• payroll savings plan administrator: means an organization that:

  Indiana Code 30-2-16-3

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
• static balance: means an amount held by a payroll savings plan administrator for a participant who:

  Indiana Code 30-2-16-4

• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5