§ 5-28-5-1 Economic development functions
§ 5-28-5-2 Grant of necessary and appropriate powers
§ 5-28-5-3 Employees and agents; contracts
§ 5-28-5-4 Terms of employment; retirement fund and employee benefits
§ 5-28-5-5 Ethics
§ 5-28-5-6 Advisory committee
§ 5-28-5-6.5 Small business division
§ 5-28-5-7 Contract, tort, and civil rights claims
§ 5-28-5-8 Adoption of rules
§ 5-28-5-9 Public meetings and public records laws
§ 5-28-5-10 Reimbursement of employee expenses
§ 5-28-5-11 Request for appropriations
§ 5-28-5-12 Promotion fund
§ 5-28-5-13 Nonprofit subsidiary corporation
§ 5-28-5-14 Fees and charges
§ 5-28-5-15 Powers in the event of default
§ 5-28-5-16 Recommendations; economic development tools; local communities in distressed areas
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Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 5 - General Powers

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Bequest: Property gifted by will.
  • 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.
  • Devise: To gift property by will.
  • 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.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5