2013 Indiana Code
TITLE 5. STATE AND LOCAL ADMINISTRATION
ARTICLE 1.5. INDIANA BOND BANK
CHAPTER 1. DEFINITIONS
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IC 5-1.5
ARTICLE 1.5. INDIANA BOND BANK
IC 5-1.5-1
Chapter 1. Definitions
IC 5-1.5-1-1
Application
Sec. 1. The definitions in this chapter apply throughout this
article.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-2
"Bank"
Sec. 2. "Bank" refers to the Indiana bond bank established under
IC 5-1.5-2-1.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-3
"Board"
Sec. 3. "Board" refers to the board of directors established under
IC 5-1.5-2-2.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-4
"Bond"
Sec. 4. "Bond" means a bond of the bank issued under this article.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-5
"Financial institution"
Sec. 5. "Financial institution" means a financial institution as
defined in IC 28-1-1.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-6
"Holder"
Sec. 6. "Holder" means a person who is:
(1) the bearer of any outstanding bond or note registered to
bearer or not registered; or
(2) the registered owner of any outstanding bond or note that is
registered other than to bearer.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-7
"Note"
Sec. 7. "Note" refers to a note of the bank issued under this
article.
As added by P.L.25-1984, SEC.1.
IC 5-1.5-1-8
"Qualified entity"
Sec. 8. "Qualified entity" means:
(1) a political subdivision (as defined in IC 36-1-2-13);
(2) a state educational institution;
(3) a leasing body (as defined in IC 5-1-1-1(a));
(4) a not-for-profit utility (as defined in IC 8-1-2-125);
(5) any rural electric membership corporation organized under
IC 8-1-13;
(6) any corporation that was organized in 1963 under Acts
1935, c. 157 and that engages in the generation and
transmission of electric energy;
(7) any telephone cooperative corporation formed under
IC 8-1-17;
(8) any commission, authority, or authorized body of any
qualified entity;
(9) any organization, association, or trust with members,
participants, or beneficiaries that are all individually qualified
entities;
(10) any commission, authority, or instrumentality of the state;
(11) any other participant (as defined in IC 13-11-2-151.1);
(12) a charter school established under IC 20-5.5 (before its
repeal) or IC 20-24 that is not a qualified entity under
IC 5-1.4-1-10;
(13) a volunteer fire department (as defined in IC 36-8-12-2); or
(14) a development authority (as defined in IC 36-7.6-1-8).
As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.1;
P.L.46-1987, SEC.3; P.L.48-1989, SEC.1; P.L.37-1991, SEC.1;
P.L.132-1999, SEC.1; P.L.179-2002, SEC.2; P.L.50-2003, SEC.1;
P.L.2-2007, SEC.70; P.L.232-2007, SEC.1.
IC 5-1.5-1-9
"Reserve fund"
Sec. 9. "Reserve fund" means a reserve fund established under
IC 5-1.5-5-1.
As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.2.
IC 5-1.5-1-10
"Security"
Sec. 10. "Security" means:
(1) a bond, note, or evidence of indebtedness issued by a
qualified entity;
(2) a lease or certificate or other evidence of participation in the
lessor's interest in and rights under a lease with a qualified
entity;
(3) an obligation of a qualified entity under an agreement
between the qualified entity and the bank; or
(4) an agreement executed by a qualified entity under
IC 20-49-4.
As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.3;
P.L.30-1986, SEC.1; P.L.46-1987, SEC.4; P.L.28-1992, SEC.1;
P.L.2-2006, SEC.9.
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