Terms Used In Indiana Code > Title 5 > Article 19 > Chapter 1.5 - Grant Anticipation Notes

• borrower: means any county, any incorporated city or town, any special taxing district, any regional sewer or water district, all other political units now existing or hereafter created, and any not-for-profit corporation eligible for federal or state grants. See Indiana Code 5-19-1.5-1
• 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.
• 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.
• governing body: means the legislative body of the borrower. See Indiana Code 5-19-1.5-1
• grant: means any moneys to be received from the United States government or any of its agencies, or the state of Indiana, or any of its agencies, intended to be used for the construction of facilities for any waterworks systems or facilities for sewage works system, or the construction or improvement of any other public works which the borrower may lawfully undertake as to which a grant has been made by the granting agency. See Indiana Code 5-19-1.5-1
• Grantor: The person who establishes a trust and places property into it.
• person: means any person, firm, corporation, limited liability company, governmental agency, or lending institution. See Indiana Code 5-19-1.5-1
• project: means the facilities, public works or undertaking for which the grant is made applicable. See Indiana Code 5-19-1.5-1
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5