Indiana Code > Title 14 > Article 23 > Chapter 4 – State Forest Management
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Terms Used In Indiana Code > Title 14 > Article 23 > Chapter 4 - State Forest Management
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- 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
- merchantable timber: means timber, trees, and parts of trees that can be used for sawtimber, veneer, poles, posts, pulp, and any other product using wood or parts of trees. See Indiana Code 14-23-4-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5