Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 18 - Small Business Development Fund

• 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.
• federal income poverty level: means the nonfarm income official poverty line as determined annually by the federal Office of Management and Budget. See Indiana Code 5-28-18-1
• 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.
• fund: refers to the small business development fund established by section 7 of this chapter. See Indiana Code 5-28-18-2
• local board: means the:

  Indiana Code 5-28-18-3

• local pool: includes both a local investment pool established under section 12 of this chapter and a local opportunity pool established under section 13 of this chapter. See Indiana Code 5-28-18-4
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Population: has the meaning set forth in Indiana Code 1-1-4-5
• Statute: A law passed by a legislature.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5