Terms Used In Indiana Code > Title 5 > Article 11 > Chapter 20 - Retirement Plan Reporting

• 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
• 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.
• delinquent political subdivision: means a political subdivision offering an employee retirement plan described in section 3(b) of this chapter that:

  Indiana Code 5-11-20-1.5

• entity: means any provider of goods, services, or other benefits that is:

  Indiana Code 5-11-1-16

• 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.
• municipality: means any county, township, city, town, school corporation, special taxing district, or other political subdivision of Indiana. See Indiana Code 5-11-1-16
• Oversight: Committee review of the activities of a Federal agency or program.
• political subdivision: means a municipality or a local government unit, entity, or instrumentality to which IC 5-11-1-4 applies. See Indiana Code 5-11-20-2
• state: means any board, commission, department, division, bureau, committee, agency, governmental subdivision, military body, authority, or other instrumentality of the state, but does not include a municipality. See Indiana Code 5-11-1-16
• system: refers to the Indiana public retirement system established by Indiana Code 5-11-20-2.5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5