§ 5-19-1.5-1 — Definitions

Indiana § 5-19-1.5-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 19: FEDERAL AID
• Ch. 1.5: Grant Anticipation Notes

Text

As used in this chapter:
(a) The term "borrower" means any county, any incorporated city or
town, any special taxing district, any regional sewer or water district,
all other political units now existing or hereafter created, and any
not-for-profit corporation eligible for federal or state grants.
(b) The term "governing body" means the legislative body of the
borrower.
(c) The term "grant" means any moneys to be received from the
United States government or any of its agencies, or the state of Indiana,
or any of its agencies, intended to be used for the construction of
facilities for any waterworks systems or facilities for sewage works
system, or the construction or improvement of any other public works
which the borrower may lawfully undertake as to which a grant has
been made by the granting agency.
(d) The term "person" means any person, firm, corporation, limited
liability company, governmental agency, or lending institution.
(e) The term "project" means the facilities, public works or
undertaking for which the grant is made applicable.
As added by Acts 1981, P.L.61, SEC.1. Amended by
P.L.8-1993, SEC.71.