§ 36-7.7-5-1 Duties
§ 36-7.7-5-2 Powers
§ 36-7.7-5-3 Agreement with another development authority or entity
§ 36-7.7-5-4 Reports

Terms Used In Indiana Code > Title 36 > Article 7.7 > Chapter 5 - Development Authority Powers and Duties

  • Bequest: Property gifted by will.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5