CHAPTER 1. DEFINITIONS

IC 5-1.4
    ARTICLE 1.4. LOCAL PUBLIC IMPROVEMENTBOND BANKS

IC 5-1.4-1
    Chapter 1. Definitions

IC 5-1.4-1-1
Application
    Sec. 1. The definitions in this chapter apply throughout thisarticle.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-2
"Bank" defined
    Sec. 2. "Bank" refers to the local public improvement bond bankestablished under IC 5-1.4-2-1.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-3
"Board" defined
    Sec. 3. "Board" refers to the board of directors established underIC 5-1.4-2-2.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-4
"Bond" defined
    Sec. 4. "Bond" refers to a bond of the bank issued under thisarticle.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-5
"City" defined
    Sec. 5. "City" refers to:
        (1) a consolidated city;
        (2) a city of the second class; or
        (3) a city having a population of more than four thousand sixhundred fifty (4,650) but less than five thousand (5,000).
As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.1;P.L.255-1997(ss), SEC.1; P.L.170-2002, SEC.13.

IC 5-1.4-1-6
"County" defined
    Sec. 6. "County" refers to the county in which the bank is located.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-7
"Financial institution" defined
    Sec. 7. "Financial institution" means a financial institution asdefined in IC 28-1-1-3.As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-8
"Holder" defined
    Sec. 8. "Holder" means a person who is:
        (1) the bearer of any outstanding bond or note registered tobearer or not registered; or
        (2) the registered owner of any outstanding bond or note that isregistered other than to bearer.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-9
"Note" defined
    Sec. 9. "Note" refers to a note of the bank issued under thisarticle.
As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-10
"Qualified entity" defined
    Sec. 10. "Qualified entity" means the following:
        (1) A city.
        (2) A county.
        (3) A special taxing district located wholly within a county.
        (4) Any entity whose tax levies are subject to review andmodification by a city-county legislative body underIC 36-3-6-9.
        (5) A political subdivision (as defined in IC 36-1-2-13) that islocated wholly within a county:
            (A) that has a population of:
                (i) more than four hundred thousand (400,000) but lessthan seven hundred thousand (700,000); or
                (ii) more than two hundred thousand (200,000) but lessthan three hundred thousand (300,000); or
            (B) containing a city that:
                (i) is described in section 5(3) of this chapter; and
                (ii) has a public improvement bond bank under this article.
        (6) A charter school established under IC 20-24 that issponsored by the executive of a consolidated city.
        (7) Any authority created under IC 36 that leases land orfacilities to any qualified entity listed in subdivisions (1)through (6).
As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.2;P.L.46-1987, SEC.1; P.L.12-1992, SEC.15; P.L.255-1997(ss),SEC.2; P.L.127-2002, SEC.1 and P.L.179-2002, SEC.1; P.L.1-2005,SEC.71.

IC 5-1.4-1-11
"Reserve fund" defined
    Sec. 11. "Reserve fund" refers to the reserve fund establishedunder IC 5-1.4-5-1.As added by P.L.42-1985, SEC.1.

IC 5-1.4-1-12
"Security" defined
    Sec. 12. "Security" means a bond, note, or evidence ofindebtedness issued by a qualified entity and payable from taxes,revenues, rates, charges, assessments, proceeds of funding orrefunding bonds or notes, or any combination of the foregoing.
As added by P.L.42-1985, SEC.1.