Indiana Code > Title 8 > Article 25 > Chapter 5 – Bonding for Central Indiana Public Transportation Projects
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code > Title 8 > Article 25 > Chapter 5 - Bonding for Central Indiana Public Transportation Projects
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- bonds: has the meaning set forth in IC 36-1-2-2. See Indiana Code 8-25-5-2
- Contract: A legal written agreement that becomes binding when signed.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. 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
- Trustee: A person or institution holding and administering property in trust.