Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 26 - Global Commerce Center Pilot Program

• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• base assessed value: means :

  Indiana Code 5-28-26-1

• 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.
• district: means the Eastern Indiana Economic Development District. See Indiana Code 5-28-26-2
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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.
• high technology activity: has the meaning set forth in IC 36-7-32-7. See Indiana Code 5-28-26-3
• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• hub: means a regional economic development project that is:

  Indiana Code 5-28-26-4

• income tax base period amount: means the total amount of local income tax (Indiana Code 5-28-26-5
• income tax incremental amount: means the remainder of:

  Indiana Code 5-28-26-6

• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Month: means a calendar month, unless otherwise expressed. 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.
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• public facilities: includes a street, a road, a bridge, a storm water or sanitary sewer, a sewage treatment facility, a facility designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, a drainage system, a retention basin, a pretreatment facility, a waterway, a waterline, a water storage facility, a rail line, an electric, gas, telephone or other communications line or any other type of utility line or pipeline, or another similar or related structure or improvement, together with necessary easements for the structure or improvement. See Indiana Code 5-28-26-7
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• spoke: means an economic development project that is:

  Indiana Code 5-28-26-8

• tax increment revenues: means the property taxes attributable to the assessed value of property located in a global commerce center in excess of the base assessed value. See Indiana Code 5-28-26-9
• unit: means a county, city, or town. See Indiana Code 5-28-26-10
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5