Terms Used In Indiana Code > Title 14 > Article 12 > Chapter 2 - President Benjamin Harrison Conservation Trust Program

• Appraisal: A determination of property value.
• 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
• 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.
• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• 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.
• fund: refers to the President Benjamin Harrison conservation trust fund established by section 25 of this chapter. See Indiana Code 14-12-2-2
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Minority leader: See Floor Leaders
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means an individual, a partnership, an association, a limited liability company, a corporation, an estate, a trust, or a governmental entity. See Indiana Code 14-12-2-3
• 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.
• project: means an undertaking that:

  Indiana Code 14-12-2-4

• project committee: refers to the President Benjamin Harrison conservation trust project committee established by this chapter. See Indiana Code 14-12-2-5
• property: means an interest in real property. See Indiana Code 14-12-2-6
• Quorum: The number of legislators that must be present to do business.
• 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.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5