Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 41 - Regional Economic Acceleration and Development Initiative (READI)

• 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.
• development authority: includes :

  Indiana Code 5-28-41-1

• eligible regional economic acceleration and development organization: means :

  Indiana Code 5-28-41-2

• 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 READI fund established by section 7 of this chapter. See Indiana Code 5-28-41-3
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• qualified nonprofit organization: means a private, nonprofit entity formed as a partnership between local units (as defined in Indiana Code 5-28-41-4
• READI: refers to the regional economic acceleration and development initiative. See Indiana Code 5-28-41-5
• regional economic acceleration and development strategy: refers to :

  Indiana Code 5-28-41-6