Terms Used In Indiana Code > Title 20 > Article 41 - Extracurricular Funds and Accounts

• 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
• Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• department: refers to the Indiana department of administration established by IC 4-13-1-2. See Indiana Code 4-13-1.6-2
• 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.
• major equipment item: refers to any item that a school corporation considers:

  Indiana Code 4-13-1.6-3

• minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
• school corporation: has the meaning set forth in IC 20-18-2-16. See Indiana Code 4-13-1.6-5
• treasurer: includes an assistant treasurer or a deputy treasurer. See Indiana Code 20-41-1-1
• Trustee: A person or institution holding and administering property in trust.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5