Indiana Code > Title 31 > Article 26 > Chapter 4 – Indiana Kids First Trust
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Terms Used In Indiana Code > Title 31 > Article 26 > Chapter 4 - Indiana Kids First Trust
- 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.
- board: refers to the Indiana kids first trust fund board established by section 5 of this chapter. See Indiana Code 31-26-4-2
- 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 Indiana kids first trust fund established by section 12 of this chapter. See Indiana Code 31-26-4-3
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Minority leader: See Floor Leaders
- 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:
Indiana Code 31-26-4-4
- Quorum: The number of legislators that must be present to do business.
- Statute: A law passed by a legislature.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5