Terms Used In Indiana Code > Title 20 > Article 20 > Chapter 37.4 - Geothermal Conversion Revolving Fund

• 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.
• 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 geothermal conversion revolving fund established by section 3 of this chapter. See Indiana Code 20-20-37.4-1
• geothermal heating and cooling system: means a heating and cooling system that uses the natural temperature of the earth to generate heating and cooling. See Indiana Code 20-20-37.4-2
• 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}