Terms Used In Indiana Code > Title 4 > Article 13.1 > Chapter 1 - Definitions

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• 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.
• Dependent: A person dependent for support upon another.
• education loan: has the meaning set forth in IC 21-16-1-5. See Indiana Code 21-12-15-2
• 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.
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• 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.
• program: means the next generation Hoosier educators scholarship program established by section 2 of this chapter. See Indiana Code 21-12-16-1
• publicly supported school: means the following:

  Indiana Code 21-12-10-1

• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Statute: A law passed by a legislature.
• teacher: refers to a person who is employed by a public school or an eligible school (as defined in Indiana Code 21-12-16-1.5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5