Terms Used In Indiana Code > Title 36 > Article 7 > Chapter 26 - Economic Development Project Districts

• adjustment factor: means the amount, stated as a percentage, that the board determines under section 22 of this chapter should be applied in determining the district's net increment. See Indiana Code 36-7-26-3
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• base period amount: means the aggregate amount of state gross retail and use taxes remitted under Indiana Code 36-7-26-4
• board: refers to the state board of finance created in Indiana Code 36-7-26-5
• Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
• commission: refers to a redevelopment commission established under IC 36-7-14. See Indiana Code 36-7-26-6
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• department: refers to the department of state revenue. See Indiana Code 36-7-26-7
• district: refers to an economic development project district established under this chapter. See Indiana Code 36-7-26-8
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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 sales tax increment financing fund established in section 23 of this chapter. See Indiana Code 36-7-26-9
• gross increment: means the aggregate amount of state gross retail and use taxes that are remitted under Indiana Code 36-7-26-10
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• 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.
• Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
• 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}
• local public improvement: means any redevelopment project or purpose of a commission or any city under this chapter or IC 36-7-14. See Indiana Code 36-7-26-11
• net increment: means , for a particular state fiscal year, the product of:

  Indiana Code 36-7-26-12

• Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Statute: A law passed by a legislature.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5