CHAPTER 1. DEFINITIONS
IC 5-1.4
ARTICLE 1.4. LOCAL PUBLIC IMPROVEMENT
BOND 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 this
article.
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 bank
established 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 under
IC 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 this
article.
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 six
hundred 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 as
defined 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 to
bearer or not registered; or
(2) the registered owner of any outstanding bond or note that is
registered 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 this
article.
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 and
modification by a city-county legislative body under
IC 36-3-6-9.
(5) A political subdivision (as defined in IC 36-1-2-13) that is
located wholly within a county:
(A) that has a population of:
(i) more than four hundred thousand (400,000) but less
than seven hundred thousand (700,000); or
(ii) more than two hundred thousand (200,000) but less
than 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 is
sponsored by the executive of a consolidated city.
(7) Any authority created under IC 36 that leases land or
facilities 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 established
under 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 of
indebtedness issued by a qualified entity and payable from taxes,
revenues, rates, charges, assessments, proceeds of funding or
refunding bonds or notes, or any combination of the foregoing.
As added by P.L.42-1985, SEC.1.