Indiana Code > Title 36 > Article 9 > Chapter 16 – Municipal Cumulative Building or Sinking Fund and Cumulative Capital Improvement Fund
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Terms Used In Indiana Code > Title 36 > Article 9 > Chapter 16 - Municipal Cumulative Building or Sinking Fund and Cumulative Capital Improvement Fund
- 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
- 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
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5