reglab/statecodes huggingface dataset:
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-26. Filing of Informational Tax Returns by Certain Taxpayers; Guidelines

Sec. 26. (a) A taxpayer operating in the motorsports investment district that files a consolidated return with the department also shall file annually an informational return with the department for each business location of the taxpayer within the motorsports investment district.
(b) If the department is unable to determine the extent to which taxes remitted by a taxpayer are gross retail incremental amounts or income tax incremental amounts for purposes of IC 4-10-23, the department shall use the best information available in calculating those incremental amounts.
(c) The department shall adopt guidelines to govern its responsibilities under this chapter.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-27. Submission to the Budget Agency of Resolution Establishing District

Sec. 27. Upon adoption by the commission of a resolution establishing a motorsports investment district under this chapter, the commission shall submit the resolution to the budget agency.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-28. Budget Committee Review; Approval by Budget Agency; Required Findings Before Resolution May Be Approved

Sec. 28. The budget agency, after review by the budget committee, shall approve the resolution establishing the motorsports investment district if the budget agency finds that the improvements to be made within the qualified motorsports facility are economically sound and will benefit the people of Indiana by protecting or increasing state and local tax bases and tax revenues for at least the duration of the motorsports investment district.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-29. Information to Be Provided to Department of State Revenue

Sec. 29. (a) If the commission adopts a resolution establishing a motorsports investment district, the commission shall notify the department in an electronic format approved by the department of the adoption of the resolution and shall include with the notification a complete list of the following:
(1) Employers and vendors with a responsibility to remit taxes in the motorsports investment district.
(2) Street names and the range of street numbers of each street in the motorsports investment district.
(b) The commission shall update the list prepared under subsection (a) before July 1 of each year.
(c) At the request of the department, the commission, the owner or owners of a motorsports facility located in the district, and any political subdivision in which all or a part of the district is located shall disclose to the department the names of the employers described in subsection (a) and such other information that may assist in the determination of the gross retail incremental amounts or income tax incremental amounts for purposes of IC 4-10-23.
(d) At the request of the department, a political subdivision in which the qualified motorsports facility is located shall provide to the department information requested by the department concerning permits issued by the political subdivision to vendors operating within the motorsports investment district.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-30.5. Establishment of Motorsports Facility Fund; Deposits; Reversions; Requests for Appropriations

Sec. 30.5. (a) If a motorsports investment district is established under this chapter, the commission shall establish a motorsports facility fund for the motorsports investment district.
(b) During the term of the written agreement entered into by:
(1) the owner or owners of the qualified motorsports facility;
(2) the authority; and
(3) the commission;
the commission shall, in each state fiscal year, deposit in the motorsports facility fund two million dollars ($2,000,000) solely from payments established under section 37(f)(1) of this chapter.
(c) Subject to subsection (e), the commission, or the authority for and on behalf of the commission, shall request that the general assembly make an appropriation to the commission in each state fiscal year in which the written agreement described in subsection (b) is in effect. The amount of the requested appropriation must be equal to the amount that the commission is required to deposit into the motorsports facility fund under subsection (b) for that state fiscal year. An appropriation made to the commission under this subsection:
(1) must be deposited in the motorsports investment district fund established under section 30 of this chapter; and
(2) is in addition to an amount appropriated under section 30 of this chapter.
(d) In addition, to the extent the rent due in a state fiscal year under leases of structures or other capital improvements that are within a motorsports investment district, plus the appropriation requested under section 30(e) of this chapter, are anticipated to be insufficient to pay debt service on bonds issued under section 37 of this chapter, when due in that state fiscal year, the authority shall make the request under subsection (c) upon reaching the determination.
(e) The commission may not request an appropriation under subsection (c) after the earlier of:
(1) the date specified in section 30(c)(1) of this chapter; or
(2) the date specified in section 30(c)(2) of this chapter.
(f) Money in the motorsports facility fund reverts to the state general fund on June 30 of each year.
As added by P.L.190-2014, SEC.8. Amended by P.L.213-2015, SEC.56.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-31. Powers of Indiana Finance Authority

Sec. 31. The authority may do any of the following:
(1) Finance the improvement, construction, reconstruction, renovation, and acquisition of real and personal property improvements within a qualified motorsports facility.
(2) Exercise the authority's powers under IC 5-1.2-4 within a qualified motorsports facility.
As added by P.L.233-2013, SEC.5. Amended by P.L.189-2018, SEC.24.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-33. Option to Renew Lease

Sec. 33. A lease from the authority to the commission under section 32 of this chapter may provide the commission with an option to renew the lease for the same term or a shorter term, on the conditions provided in the lease.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-34. Option to Purchase Leased Property; Conveyance of Property; Requirements

Sec. 34. (a) A lease from the authority to the commission under section 32 of this chapter shall give the commission an option to purchase the leased property before the expiration of the term of the lease:
(1) on the date or dates in each year that are fixed by the lease; and
(2) at a price to be computed by a method set forth in the lease.
However, such a lease may not provide, or be construed to provide, that the commission is under an obligation to purchase the leased structures or improvements or is under an obligation respecting any creditors or bondholders of the authority.
(b) If the commission does not exercise the option to purchase the property, then upon the expiration of the lease and upon full performance by the commission, the property becomes the absolute property of the commission or the authority's leasehold interest in such property terminates, as applicable. The authority shall take the steps necessary to convey title or such leasehold interest to the commission.
(c) If the commission purchases the leased property as provided in subsection (a) or in the event described in subsection (b), the commission may convey, with or without consideration, its ownership or leasehold interest, as applicable, in such property to the owner or owners of the qualified motorsports facility. However, the commission shall not convey its ownership or leasehold interest in any such property to the owner or owners of the qualified motorsports facility until:
(1) the date on which the aggregate amount of credits provided to the owner or owners of the qualified motorsports facility under IC 4-10-23 equals or exceeds the aggregate of the amount of money appropriated to the commission and used to pay rent by the commission to the authority under any lease entered into between the authority and the commission under this chapter and any expenses that are incurred by the authority or the commission under this chapter and are not paid out of such rent; and
(2) all bonds issued by the authority under section 37 of this chapter are no longer deemed outstanding.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-35. Authorization and Execution of Leases by Commission Board of Directors

Sec. 35. Each lease under section 32 of this chapter must be authorized by resolution of the board, which shall be entered in the official records of the commission. Such a lease must be executed on behalf of the commission by the chair or the vice-chair and the secretary-treasurer of the commission, and on behalf of the authority by the chairman or the vice chairman of the authority and the public finance director.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-38. Authority for Certain Actions by the Commission and the Indiana Finance Authority; Bonds as Legal Investments

Sec. 38. (a) This chapter contains full and complete authority for the issuance of bonds, the improvement, construction, reconstruction, renovation, purchase, lease, acquisition, and equipping of structures and capital improvements located within a motorsports investment district by the commission and the authority, and the leasing of such structures and capital improvements by the commission or the authority. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the commission, the authority, or any other officer, department, agency, or instrumentality of the state or of any political subdivision is required to issue any bonds under this chapter, to improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip structures and capital improvements located within a motorsports investment district, or to enter into any lease, except as prescribed in this chapter.
(b) Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan companies, industrial loan and investment companies, and other financial institutions organized under Indiana law.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-39. Securing of Bonds; Trust Indenture; Validity of Pledge or Assignment

Sec. 39. (a) The authority may secure bonds issued under this chapter by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers.
(b) The trust indenture may:
(1) pledge or assign money appropriated to the commission and to be paid as rent by the commission to the authority, but may not mortgage land or capital improvements;
(2) contain reasonable and proper provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth the duties of the authority;
(3) set forth the rights and remedies of bondholders and the trustee; and
(4) restrict the individual right of action of bondholders.
(c) Any pledge or assignment made by the authority under this section is valid and binding from the time that the pledge or assignment is made, against all persons whether or not they have notice of the lien. Any trust indenture by which a pledge is created or an assignment made need not be filed or recorded. The lien is perfected against third parties by filing the trust indenture in the records of the authority.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-40. Action to Contest Validity of Bonds

Sec. 40. Any action to contest the validity of bonds to be issued under this chapter may not be brought after the fifteenth day following:
(1) the receipt of bids for the bonds, if the bonds are sold at public sale; or
(2) the publication one (1) time in a newspaper of general circulation published in the county of notice of the execution and delivery of the contract for the sale of bonds;
whichever occurs first.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-41. Equal Opportunities in Procurement and Contracting

Sec. 41. Improvements financed under this chapter are subject to the provisions of 25 IAC 5 concerning equal opportunities for minority business enterprises and women's business enterprises to participate in procurement and contracting processes. The goal for participation by minority business enterprises shall be fifteen percent (15%), the goal for participation by women's business enterprises shall be eight percent (8%), and the goal for participation by veteran or disabled business enterprises shall be three percent (3%), consistent with the goals of delivering the project on time and within the budgeted amount and, insofar as possible, using Indiana businesses for employees, goods, and services. In fulfilling the goals, historical precedents in the same market shall be taken into account.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-42. Income Tax Withholding; Department of State Revenue Guidelines

Sec. 42. The department shall develop guidelines and instructions concerning the appropriate amount of adjusted gross income tax to be withheld from purse money and prizes won for racing in the motorsports investment district.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 17.5. Motorsports Investment District › 5-1-17.5-43. Office of Management and Budget Review

Sec. 43. The office of management and budget shall in 2023 do the following:
(1) Conduct a review of:
(A) the structures and improvement that have been financed and constructed under this chapter;
(B) the amount of:
(i) the gross retail incremental amounts and income tax incremental amounts remitted for purposes of IC 4-10-23; and
(ii) the motorsports admissions fees that have been remitted under IC 6-8-14;
(C) the amount and terms of outstanding debt issued by the authority under this chapter; and
(D) the status, economic impact, and viability of the qualified motorsports facility.
(2) Before November 1, 2023, submit a copy of the review conducted under subdivision (1) to the budget committee and to the legislative council in an electronic format under IC 5-14-6.
As added by P.L.233-2013, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-1. "Bonds"

Sec. 1. As used in this chapter,"bonds" means any bonds, notes, or other evidences of indebtedness, including guaranteed energy savings contracts and advances from the common school fund, whether payable from property taxes, other taxes, revenues, or any other source. However, the term does not include notes, warrants, or other evidences of indebtedness made in anticipation of and to be paid from current revenues of a political subdivision actually levied and in the course of collection for the fiscal year in which the notes, warrants, or other evidences of indebtedness are issued.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-3. "Lease"

Sec. 3. As used in this chapter, "lease" means a lease of real property that is entered into by a political subdivision for a term of at least twelve (12) months, whether payable from property taxes, other taxes, revenues, or any other source.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-4. "Lease Rentals"

Sec. 4. As used in this chapter, "lease rentals" means the payments required under a lease.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-5. "Political Subdivision"

Sec. 5. As used in this chapter, "political subdivision" has the meaning set forth in IC 36-1-2-13.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-6. Information Report for Bonds and Leases

Sec. 6. A political subdivision that issues bonds or enters into a lease after December 31, 2005, shall supply the department with a debt issuance report not later than:
(1) one (1) month after the date on which the bonds are issued or the lease is executed, if the bonds are issued or the lease is executed before October 1; or
(2) five (5) business days after the date on which the bonds are issued or the lease is executed, if the bonds are issued or the lease is executed after September 30.
As added by P.L.199-2005, SEC.2. Amended by P.L.219-2007, SEC.8; P.L.137-2012, SEC.4; P.L.159-2020, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-7. Bond Report Requirements; Uniformity; Electronic Submission

Sec. 7. (a) Except as provided by subsection (b), the debt issuance report required by section 6 of this chapter must be submitted on a form prescribed by the department and must include the following information concerning bonds:
(1) The par value of the bond issue.
(2) A schedule of maturities and interest rates.
(3) The purposes of the bond issue.
(4) The itemized costs of issuance information, including fees for bond counsel, other legal counsel, underwriters, and financial advisors.
(5) The type of bonds that are issued.
(6) Other information as required by the department.
A copy of the official statement and bond covenants, if any, must be supplied with this information.
(b) A political subdivision or a person acting on behalf of a political subdivision shall submit the debt issuance report information described in subsection (a) to the department electronically, in the manner prescribed by the department.
(c) For taxes due and payable for an assessment date after January 15, 2012, the department may not approve an appropriation or a property tax levy that is associated with a debt unless the debt issuance report for the debt has been submitted to the department, unless the department has granted a waiver under subsection (d).
(d) The department may for good cause grant a waiver to the requirement under subsection (c) and approve an appropriation or a property tax levy, notwithstanding a political subdivision's failure to submit a required debt issuance report.
As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.5.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-8. Lease Report Requirements; Uniformity; Electronic Submission

Sec. 8. (a) Except as provided by subsection (b), the lease information required by section 6 of this chapter must be submitted on a form prescribed by the department and must include the following information concerning leases:
(1) The term of the lease.
(2) The annual and total amount of lease rental payments due under the lease.
(3) The purposes of the lease.
(4) The itemized costs incurred by the political subdivision with respect to the preparation and execution of the lease, including fees for legal counsel and other professional advisors.
(5) If all or part of the lease rental payments are used by the lessor as debt service payments for bonds issued for the acquisition, construction, renovation, improvement, expansion, or use of a building, structure, or other public improvement for the political subdivision:
(A) the name of the lessor;
(B) the par value of the bond issue; and
(C) the purposes of the bond issue.
(6) Other information as required by the department.
(b) A political subdivision or a person acting on behalf of a political subdivision shall submit the debt issuance report information described in subsection (a) to the department electronically, in the manner prescribed by the department.
(c) For taxes due and payable for an assessment date after January 15, 2012, the department may not approve an appropriation or a property tax levy that is associated with a debt unless the debt issuance report for the debt has been submitted to the department, unless the department has granted a waiver under subsection (d).
(d) The department may for good cause grant a waiver to the requirement under subsection (c) and approve an appropriation or a property tax levy, notwithstanding a political subdivision's failure to submit a required debt issuance report.
As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.6.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-9. Bonds or Leases Outstanding; Annual Summary; Annual Verification

Sec. 9. (a) This subsection applies to reporting that occurs before January 1, 2013. Each political subdivision that has any outstanding bonds or leases shall submit a report to the department before March 1 of 2006 and each year thereafter that includes a summary of all the outstanding bonds of the political subdivision as of January 1 of that year. The report must:
(1) distinguish the outstanding bond issues and leases on the basis of the type of bond or lease, as determined by the department;
(2) include a comparison of the political subdivision's outstanding indebtedness compared to any applicable statutory or constitutional limitations on indebtedness;
(3) include other information as required by the department; and
(4) be submitted on a form prescribed by the department or through the Internet or other electronic means, as determined by the department.
(b) This subsection applies to reporting that occurs after December 31, 2012. The department may annually require each political subdivision to verify to the department that the list of indebtedness and related details in the department's database are current and accurate.
As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.7.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-10. Compiled Reports; Electronic Data Base; Internet Publication

Sec. 10. The department shall:
(1) compile an electronic data base that includes the information submitted under this chapter; and
(2) after December 31, 2006, post the information submitted under this chapter on the Internet at least annually.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-11. Information Submitted; Public Record

Sec. 11. Information submitted to the department under this chapter is a public record that may be inspected and copied under IC 5-14-3.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1. Bonds and Other Obligations › Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions › 5-1-18-12. Rulemaking Power

Sec. 12. The department may adopt rules under IC 4-22-2 to carry out the purposes of this chapter.
As added by P.L.199-2005, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 1. Purpose and Scope of Authority; General Provisions › 5-1.2-1-1. Purposes of the Authority

Sec. 1. The authority exists and shall operate for the following public purposes:
(1) Assisting, at the request of a state agency, with project or program development on behalf of or in cooperation with the state agency.
(2) Providing decision making concerning access to the capital and financial markets in the name of, or for the benefit of, the state.
(3) Enabling the state to communicate, with a single voice, with the various participants in the financial markets, including credit rating agencies, investment bankers, investors, and municipal bond insurers and other credit enhancers.
(4) Facilitating opportunities for gainful employment and business opportunities by the financing of economic development projects, intrastate and interstate sales, transactions, and business activities.
(5) Facilitating the educational enrichment (including cultural, intellectual, scientific, or artistic opportunities) of all the people of the state by the financing of educational facility projects.
(6) Preventing and remediating environmental pollution, including water pollution, air pollution, sewage and solid waste disposal, radioactive waste, thermal pollution, radiation contamination, and noise pollution affecting the health and well-being of the people of the state by:
(A) the financing of economic development projects; and
(B) carrying out the purposes of this article.
(7) Facilitating the provision of safe and adequate drinking water, helping to upgrade deteriorating infrastructure, and facilitating wastewater and storm water management to positively affect the public health and well-being of the people of the state.
(8) Financing state and local infrastructure, facilities, and assets that are publicly owned, operated, or otherwise supported under this article.
(9) Carrying out the purposes of IC 5-1-17.5 concerning a motorsports investment district.
(10) Administering a regional development authority infrastructure fund established under IC 36-9-43-9.
(11) Managing, applying, and operating each of the programs in a manner to positively affect the public health, economic welfare, and well-being of the state and its citizens.
(12) Otherwise positively affecting the public health, economic welfare, and well-being of the state and its citizens by carrying out the purposes of this article.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 1. Purpose and Scope of Authority; General Provisions › 5-1.2-1-2. Construction of Article

Sec. 2. This article and the referenced statutes shall be liberally construed to effect the purposes of this article and the referenced statutes.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 1. Purpose and Scope of Authority; General Provisions › 5-1.2-1-3. Applicability of Other Statutes; Laws

Sec. 3. Any general, special, or local law that is made applicable to a particular entity by referring to an officer or office of the state, an agency, a state agency, an authority, a board, a commission, a committee, a department, a division, a bureau, an instrumentality, an institution, an association, a service agency, a body corporate and politic created by statute, or any other entity of the executive, including the administrative, department of state government, or a similar reference or term, is not applicable to the authority, unless the reference is made specifically applicable to or in the name of the authority or to or by naming any statutes that are specific to the authority, including the referenced statutes. However, the following statutes apply to the authority:
(1) IC 4-2-6.
(2) IC 5-3.
(3) IC 5-10.
(4) IC 5-10.1.
(5) IC 5-10.2.
(6) IC 5-10.3.
(7) IC 5-14-1.5.
(8) IC 5-14-3.
(9) IC 5-15.
(10) IC 5-19.
(11) IC 34-13.
(12) IC 34-30-9.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-1. Application of Definitions; Priority of Definitions

Sec. 1. (a) The definitions in this chapter apply throughout this article and the referenced statutes unless the context of the statute clearly denotes otherwise.
(b) To the extent that a definition in a referenced statute is inconsistent with the definition in this chapter, the definition in the referenced statute prevails.
(c) Except as provided in subsection (b), to the extent that this article is inconsistent with any other general, special, or local law, this article is controlling and supersedes all other laws.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-2. "Approved Assistance"

Sec. 2. "Approved assistance", for purposes of the flood control program established under IC 5-1.2-13, means any loan or other financial assistance:
(1) that is requested by a participant for an eligible activity; and
(2) that the authority makes available to the participant.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-4. "Bond"

Sec. 4. "Bond", for purposes of IC 5-1.2-16, means any:
(1) bond or mortgage credit certificate for which it is necessary to procure volume under the volume cap under Section 146 of the Internal Revenue Code; or
(2) bond or other obligation for which a special volume cap is authorized under a federal act.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-5. "Bonds"

Sec. 5. "Bonds" means any bonds, mortgage credit certificates, notes, debentures, interim certificates, revenue anticipation notes, warrants, or other evidence of indebtedness of the authority, and, for purposes of a refunding issue, means the same types of such evidence of indebtedness of the authority and types of evidence of indebtedness of a unit (as defined in IC 36-1-2-23) issued for the purpose of refunding, renewing, paying, or otherwise providing for the payment of any such evidence of indebtedness.
As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.9.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-6. "Bond Resolution"

Sec. 6. "Bond resolution" means the resolution or resolutions and the trust agreement, if any, authorizing or providing for the terms and conditions applicable to bonds issued under this article.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-7. "Building" or "Buildings"

Sec. 7. "Building" or "buildings" or similar words, for purposes of financing health facility property under IC 5-1.2-7, mean any building or part of a building or addition to a building for health care purposes. The term includes the site for the building (if a site is to be acquired), equipment, heating facilities, sewage disposal facilities, landscaping, walks, drives, parking facilities, and other structures, facilities, appurtenances, materials, and supplies that may be considered necessary to render a building suitable for use and occupancy for health care purposes.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-8. "Carryforward Election"

Sec. 8. "Carryforward election", for purposes of IC 5-1.2-16, means a carryforward election of a part of the volume cap made under the authority of Section 146(f) of the Internal Revenue Code.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-9. "Clean Water Act"

Sec. 9. "Clean Water Act" refers to:
(1) 33 U.S.C. 1251 et seq., and laws supplemental and ancillary to 33 U.S.C. 1251 et seq.; and
(2) regulations adopted under 33 U.S.C. 1251 et seq., and laws supplemental and ancillary to these regulations.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-10. "Construction"

Sec. 10. "Construction", for purposes of financing a state facility under IC 5-1.2-5, means the erection, renovation, refurbishing, or alteration of all or any part of a building, an improvement, or a structure, including installation of fixtures or equipment, landscaping of grounds, site work, and providing for other ancillary facilities pertinent to the building, improvement, or structure.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-11. "Correctional Facility"

Sec. 11. "Correctional facility", for purposes of financing a state facility under IC 5-1.2-5, means a building, a structure, or an improvement for the custody, care, confinement, or treatment of committed persons under IC 11.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-13. "Cost of the Project"

Sec. 13. "Cost of the project", for purposes of an economic development project under IC 5-1.2-9, means the cost or fair market value of construction, equipment, lands, property rights, easements, franchises, patents, financing charges, interest cost during construction, engineering and legal services, plans, specifications, surveys, cost estimates, studies, and other expenses as may be necessary or incident to the development, construction, financing, and placing in operation of an economic development project.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-14. "County"

Sec. 14. "County", for purposes of financing health facility property under IC 5-1.2-7, means any county in the state that owns and operates a county hospital.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-15. "Covered Taxes"

Sec. 15. "Covered taxes" refers to any of the following:
(1) The state gross retail tax imposed under IC 6-2.5-2-1 or the use tax imposed under IC 6-2.5-3-2.
(2) The adjusted gross income tax imposed under IC 6-3-2-1.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-16. "Developer"

Sec. 16. "Developer", for purposes of an economic development project under IC 5-1.2-9, means a person who proposes to enter, or has entered, into a financing agreement with the authority for an economic development project and who has entered into a separate agreement with some other persons for the substantial use of the facilities financed.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-18. "Drinking Water Srf Fund"

Sec. 18. "Drinking water SRF fund" refers to the drinking water revolving loan fund established by IC 5-1.2-10-3.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-19. "Economic Development Project"

Sec. 19. "Economic development project", for purposes of IC 5-1.2-9, means projects and undertakings that include:
(1) the acquisition of land, site improvements, infrastructure improvements, buildings, or structures, rehabilitation, renovation, and enlargement of buildings and structures, machinery, equipment, furnishings, or facilities (or any combination of these), comprising or being functionally related and subordinate to any project (whether manufacturing, commercial, agricultural, environmental, technological, or otherwise), the development or expansion of which serves the public purposes set forth in IC 5-1.2-1; and
(2) educational facility projects.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-20. "Educational Facility"

Sec. 20. "Educational facility", for purposes of an educational facility project under IC 5-1.2-8, means any educational facility property located within Indiana that:
(1) is suitable for:
(A) the instruction, feeding, recreation, or housing of students;
(B) the conduct of research or other work of a nonprofit college or university; or
(C) use by a nonprofit college or university in connection with any educational, research, or related or incidental activity conducted by the nonprofit college or university; and
(2) is not used or is not to be used for sectarian instruction or study or as a place for devotional activities or workshop.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-21. "Educational Facility Project"

Sec. 21. (a) "Educational facility project" includes the following:
(1) As applied to an educational facility project under IC 5-1.2-8, the following:
(A) The acquisition, construction, enlarging, remodeling, renovation, improvement, furnishing, or equipping of an educational facility by the authority for a nonprofit college or university.
(B) The funding of any liability, other loss, or insurance reserves or the funding and contribution of these insurance reserves or other capital to a risk retention group to provide insurance coverage against liability claims or other losses.
(2) As applied to an educational facility project under IC 5-1.2-9, the following:
(A) The acquisition of land, site improvements, infrastructure improvements, buildings, or structures, the rehabilitation, renovation, and enlargement of buildings and structures, machinery, equipment, furnishings, or facilities (or any combination of these):
(i) comprising or being functionally related and subordinate to any aquaria, botanical societies, historical societies, libraries, museums, performing arts associations or societies, scientific societies, zoological societies, and independent elementary, secondary, or postsecondary educational institutions (or any combination of these) that engage in the cultural, intellectual, scientific, educational, or artistic enrichment of the people of the state, the development or expansion of which serves the purposes set forth in IC 5-1.2-9; and
(ii) not used or not to be used primarily for sectarian instruction or study or as a place for devotional activities.
(B) Funding (including reimbursement or refinancing) by a nonprofit organization described in subsection (b) of:
(i) real property and improvements;
(ii) personal property; or
(iii) noncapital costs to fund a judgment, a settlement, or other cost or liability, other than an ordinary and recurring operating cost or expenditure.
(b) For purposes of subsection (a)(2)(B), a nonprofit organization must:
(1) be qualified as tax exempt under Section 501(c)(3) of the Internal Revenue Code; and
(2) have headquarters or a primary educational or exhibit facility located on property owned by or titled in the name of the state or an agency, a commission, or an instrumentality of the state that serves the purposes set forth in IC 5-1.2-9.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-22. "Educational Facility Property"

Sec. 22. "Educational facility property", for purposes of an educational facility project under IC 5-1.2-8, means any real, personal, or mixed property, or any interest in real property or mixed property, including:
(1) any real estate, appurtenances, buildings, easements, equipment, furnishings, furniture, improvements, machinery, or rights-of-way and structures; or
(2) any interest in real estate, appurtenances, buildings, easements, equipment, furnishings, furniture, improvements, machinery, or rights-of-way and structures.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-23. "Eligible Activity"

Sec. 23. "Eligible activity", for purposes of the flood control program established under IC 5-1.2-13 and the water infrastructure grant program established by IC 5-1.2-14.5, includes the following:
(1) The removal of obstructions and accumulated debris from channels of streams.
(2) The clearing and straightening of channels of streams.
(3) The creating of new and enlarged channels of streams, wherever required.
(4) The building or repairing of dikes, levees, or other flood protective works.
(5) The construction of bank protection works for streams.
(6) The establishment of floodways.
(7) The conducting of all other activities that are allowed by the federal Flood Control Act and federal Clean Water Act.
As added by P.L.189-2018, SEC.25. Amended by P.L.154-2021, SEC.2.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-24. "Eligible Member"

Sec. 24. "Eligible member", for purposes of an educational facility project under IC 5-1.2-8, means a state educational institution or any nonprofit college or university.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-26. "Financial Assistance Agreement"

Sec. 26. (a) "Financial assistance agreement", for purposes of the wastewater program and drinking water program established under IC 5-1.2-10, the supplemental program established under IC 5-1.2-11, the Indiana brownfields program established under IC 5-1.2-12, the flood control program established under IC 5-1.2-13, the water infrastructure assistance program established under IC 5-1.2-14, the water infrastructure grant program established by IC 5-1.2-14.5, the local transportation infrastructure program established under IC 5-1.2-15, and the residential housing infrastructure assistance program established by IC 5-1.2-15.5, refers to a financial assistance agreement, financial aid agreement, grant agreement, or any other obligation between the authority and a participant under those chapters establishing the terms and conditions of a grant, loan, or other financial assistance, including forgiveness of principal if allowed under federal law, by the authority to the participant under those chapters.
(b) Nothing in this section restricts the authority from denominating any financial assistance agreement by any other name the authority determines to be administratively convenient.
As added by P.L.189-2018, SEC.25. Amended by P.L.154-2021, SEC.3; P.L.204-2023, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-27. "Financing Agreement"

Sec. 27. "Financing agreement", for purposes of an economic development project under IC 5-1.2-9, means an agreement that is entered into between the authority and a developer, user, or lender concerning the financing of, the title to, or possession of an economic development project and that provides for payments to the authority in an amount sufficient to pay the principal of, premium on, if any, and interest on bonds authorized by the authority for the financing of an economic development project.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-30. "Governing Board"

Sec. 30. "Governing board", for purposes of the flood control program established under IC 5-1.2-13, means the legislative body created by law to administer the affairs of the participant.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-31. "Hazardous Substance"

Sec. 31. "Hazardous substance", for purposes of the Indiana brownfields program established under IC 5-1.2-12, has the meaning set forth in IC 13-11-2-98.
As added by P.L.189-2018, SEC.25.
2023 Indiana Code › Title 5. State and Local Administration › Article 1.2. Indiana Finance Authority › Chapter 2. Definitions › 5-1.2-2-32. "Health Facility"

Sec. 32. "Health facility", for purposes of IC 5-1.2-7, means any facility or building that is:
(1) owned or used by a participating provider;
(2) located:
(A) in Indiana; or
(B) outside Indiana, if the participating provider that operates the facility or building, or an affiliate of the participating provider, also operates a substantial health facility or facilities, as determined by the authority, in Indiana; and
(3) utilized, directly or indirectly:
(A) in:
(i) health care;
(ii) habilitation, rehabilitation, or therapeutic services;
(iii) medical research;
(iv) the training or teaching of health care personnel; or
(v) any related supporting services;
(B) to provide:
(i) a residential facility for individuals with a physical, mental, or emotional disability;
(ii) a residential facility for individuals with a physical or mental illness; or
(iii) a residential facility for the elderly; or
(C) as a licensed child caring institution that provides residential care described in IC 12-7-2-29(1) or corresponding provisions of the laws of the state in which the facility or building is located.
As added by P.L.189-2018, SEC.25.