Terms Used In Indiana Code > Title 20 > Article 27 - School Transportation

• account: refers to the Indiana health care account established by section 3 of this chapter. See Indiana Code 4-12-5-1
• 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
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• career and technical education: has the meaning set forth in IC 20-20-38-1. See Indiana Code 20-27-12.1-2
• Conviction: A judgement of guilt against a criminal defendant.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• foster care: has the meaning set forth in Indiana Code 20-27-12-0.3
• fund: refers to the Indiana tobacco use prevention and cessation trust fund created by this chapter. See Indiana Code 4-12-4-2
• 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}
• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• original school corporation: refers to a school corporation in which a homeless student's school of origin is located. See Indiana Code 20-27-12-1
• 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.
• Quorum: The number of legislators that must be present to do business.
• school of origin: means the school:

  Indiana Code 20-27-12-2

• transitional school corporation: refers to a school corporation in which a homeless student temporarily stays. See Indiana Code 20-27-12-3
• Uphold: The decision of an appellate court not to reverse a lower court decision.