Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 9 - Industrial Development Program and Fund

• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• 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.
• enterprise zone: means an enterprise zone created under IC 5-28-15 (or Indiana Code 5-28-9-1
• 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 a city, town, or county, an economic development commission, or a board administering the affairs of a special taxing district. See Indiana Code 5-28-9-2
• industrial development program: means a program designed to aid the growth of industry in Indiana and includes the:

  Indiana Code 5-28-9-3

• information and high technology infrastructure: includes , but is not limited to, fiber optic cable and other infrastructure that supports high technology growth and the purchase and installation of fiber optic cable and other infrastructure. See Indiana Code 5-28-9-4
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• minority enterprise small business investment company: means an investment company licensed under 15 U. See Indiana Code 5-28-9-5
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• qualified entity: means a city, a town, a county, an economic development commission, or a special taxing district. See Indiana Code 5-28-9-6
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• small business investment company: means an investment company licensed under 15 U. See Indiana Code 5-28-9-7
• Statute: A law passed by a legislature.
• Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5