Terms Used In Indiana Code > Title 20 > Article 20 > Chapter 37 - Dropout Prevention

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• 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.
• 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 dropout prevention program fund established by section 3 of this chapter. See Indiana Code 20-20-37-1
• program: refers to a dropout prevention program established by a school corporation. See Indiana Code 20-20-37-2
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5