Terms Used In Indiana Code > Title 20 > Article 20 > Chapter 45.5 - Robotics Competition Program

• allowable expenses: means :

  Indiana Code 20-20-45.5-1

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• 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.
• eligible school: means a:

  Indiana Code 20-20-45.5-2

• eligible team: means a robotics competition team consisting of:

  Indiana Code 20-20-45.5-3

• 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 robotics competition program fund established by section 8 of this chapter. See Indiana Code 20-20-45.5-4
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• program: refers to the robotics competition program established by section 7 of this chapter. See Indiana Code 20-20-45.5-5
• robotics competition: means a competition that:

  Indiana Code 20-20-45.5-6

• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5