Terms Used In Indiana Code > Title 36 > Article 7.5 - Northwest Indiana Regional Development Authority

• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• associate member: refers to a county or municipality that adopted an ordinance or resolution under section 16 of this chapter specifying that the county or municipality has chosen to become an associate member. See Indiana Code 36-7.5-4.5-0.5
• base assessed value: means :

  Indiana Code 36-7.5-4.5-1

• Bench trial: Trial without a jury in which a judge decides the facts.
• blighted: means real property, including a building or structure on the real property, that is no longer in acceptable or beneficial condition to its community and has lost its value as a social good or economic commodity or its functional status as a livable space. See Indiana Code 36-7.5-6-1
• board: refers to the Gary Metro Center station revitalization project board established by section 6 of this chapter. See Indiana Code 36-7.5-8-1
• budget agency: means the budget agency established by IC 4-12-1-3. See Indiana Code 36-7.5-4.5-2
• cash participant: refers to a county or municipality that has adopted an ordinance or resolution under section 16 of this chapter specifying that the county or municipality has chosen to become a cash participant. See Indiana Code 36-7.5-4.5-2.5
• commuter transportation district: means the northern Indiana commuter transportation district established under IC 8-5-15. See Indiana Code 36-7.5-7-1
• convention center authority: refers to the Lake County convention center authority established under section 9 of this chapter. See Indiana Code 36-7.5-7-2
• convention fund: means the Lake County economic development and convention fund established by section 5 of this chapter. See Indiana Code 36-7.5-7-3
• corridor: means the geographic area established as a rail transit development corridor by this chapter. See Indiana Code 36-7.5-4.5-3
• department: refers to the department of state revenue. See Indiana Code 36-7.5-4.5-4
• development project: includes only development projects that benefit the corridor. See Indiana Code 36-7.5-4.5-5
• district: refers to a transit development district established by the development authority under this chapter. See Indiana Code 36-7.5-4.5-6
• Donor: The person who makes a gift.
• fund: refers to the blighted property demolition fund established by section 4 of this chapter. See Indiana Code 36-7.5-6-2
• fund: refers to the Gary Metro Center station revitalization fund established by section 3 of this chapter. See Indiana Code 36-7.5-8-2
• Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
• gross retail tax base period amount: means the aggregate amount of state gross retail taxes remitted under Indiana Code 36-7.5-4.5-7
• gross retail tax increment revenue: means the remainder of:

  Indiana Code 36-7.5-4.5-8

• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• local income tax base period amount: means the total amount of local income tax (Indiana Code 36-7.5-4.5-9
• local income tax increment revenue: means the remainder of:

  Indiana Code 36-7.5-4.5-10

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
• Oversight: Committee review of the activities of a Federal agency or program.
• Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
• President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
• property tax increment revenue: means the property taxes attributable to the assessed value of property located in a district in excess of the base assessed value. See Indiana Code 36-7.5-4.5-11
• qualified property: means commercial or residential real property, including a structure or building located on the real property, that:

  Indiana Code 36-7.5-6-3

• rail project: refers to the following:

  Indiana Code 36-7.5-4.5-12

• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• reserve fund: means the Lake County convention and event center reserve fund established by section 10 of this chapter. See Indiana Code 36-7.5-7-4
• state income tax base period amount: means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of:

  Indiana Code 36-7.5-4.5-13

• state income tax increment revenue: means the remainder of:

  Indiana Code 36-7.5-4.5-14

• Verdict: The decision of a petit jury or a judge.