§ 4-4-28-1 “Account”
§ 4-4-28-1.5 “Authority”
§ 4-4-28-2 “Community development corporation”
§ 4-4-28-3 “Financial institution”
§ 4-4-28-4 “Fund”
§ 4-4-28-5 “Individual development account”
§ 4-4-28-5.5 “Motor vehicle”
§ 4-4-28-6 “Qualifying individual”
§ 4-4-28-7 Establishing account; beneficiaries; residency
§ 4-4-28-8 Community development corporation duties
§ 4-4-28-9 Account deposits
§ 4-4-28-10 Number of accounts limited
§ 4-4-28-11 Annual reports
§ 4-4-28-12 Deposits to accounts; matching contributions; use of federal block grant money
§ 4-4-28-13 Individual development account fund; tax credits
§ 4-4-28-14 Interest; taxes; fees
§ 4-4-28-15 Withdrawal of money from account; appeal of denial
§ 4-4-28-16 Account withdrawal; purposes; approval
§ 4-4-28-17 Money in account not considered assets
§ 4-4-28-18 Annual evaluation of accounts; report
§ 4-4-28-21 Rules; adoption

Terms Used In Indiana Code > Title 4 > Article 4 > Chapter 28 - Individual Development Accounts

  • account: refers to an individual development account. See Indiana Code 4-4-28-1
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • authority: refers to the Indiana housing and community development authority established under IC 5-20-1. See Indiana Code 4-4-28-1.5
  • Autism: means a neurological condition as described in the most recent edition of the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association. See Indiana Code 1-1-4-5
  • 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
  • community development corporation: means a private, nonprofit corporation:

    Indiana Code 4-4-28-2

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • defibrillator: means an automatic external defibrillator. See Indiana Code 16-31-6.5-3
  • department: refers to the department of homeland security established by IC 10-19-2-1. See Indiana Code 16-31-8.5-1
  • Dependent: A person dependent for support upon another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • food service establishment: means a fixed or mobile establishment that serves food to the public for consumption on the premises. See Indiana Code 16-31-9-1
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • fund: refers to the emergency medical services fund established by section 3 of this chapter. See Indiana Code 16-31-8.5-2
  • Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
  • in writing: include printing, lithographing, or other mode of representing words and letters. 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

  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • military service applicant: means an applicant for licensure or certification under this article who has performed service as an active member of any of the following:

    Indiana Code 16-31-11-1

  • motor vehicle: has the meaning set forth in IC 9-13-2-105(a). See Indiana Code 4-4-28-5.5
  • nontransporting emergency medical services vehicle: means a motor vehicle, other than an ambulance, used for emergency medical services. See Indiana Code 16-31-3-0.5
  • operational canine: means a dog that:

    Indiana Code 16-31-13-1

  • Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • 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

  • 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.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Trustee: A person or institution holding and administering property in trust.
  • 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