(1) “Eligible transfer of real property” means the transfer of an item of real property by a transferring entity under any of the following statutes:

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(B) IC 36-7-15.1-15.5.

(C) IC 36-7-38.

(2) “Land bank” has the meaning set forth in IC 36-7-38-1.

(3) “Redevelopment commission” includes:

(A) a redevelopment commission established under IC 36-7-14; and

(B) a metropolitan development commission established under IC 36-7-15.1.

(4) “Transferring entity” means:

(A) a land bank; or

(B) a redevelopment commission.

As added by P.L.110-2017, SEC.2.