CHAPTER 1. GENERAL PROVISIONS; DEFINITIONS - Indiana Statutes

IC 21-35
    ARTICLE 35. STATE EDUCATIONAL INSTITUTIONS: REVENUE BONDS AND OTHER FINANCING ARRANGEMENTS

IC 21-35-1
     Chapter 1. General Provisions; Definitions

IC 21-35-1-1
Definitions
     Sec. 1. The definitions in this chapter apply throughout this article.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-2
"Bond"
     Sec. 2. "Bond" means the following:
        (1) For purposes of IC 21-35-2, any bond evidencing indebtedness for borrowed money under IC 21-35-2.
        (2) For purposes of IC 21-35-3, any bond evidencing indebtedness for borrowed money under IC 21-35-3.
        (3) For purposes of IC 21-35-4, any bond evidencing indebtedness for borrowed money under IC 21-35-4.
        (4) For purposes of IC 21-35-5, any bond evidencing indebtedness for borrowed money under IC 21-35-5.
        (5) For purposes of IC 21-35-6, any:
            (A) bonds (including refunding bonds);
            (B) notes;
            (C) temporary, interim, or permanent certificates of indebtedness;
            (D) debentures; or
            (E) other obligations;
        evidencing indebtedness for borrowed money under IC 21-35-6.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-3
"Developer"
     Sec. 3. "Developer", for purposes of IC 21-35-7, means a for profit or nonprofit:
        (1) person;
        (2) firm;
        (3) partnership;
        (4) limited liability company;
        (5) trust;
        (6) association; or
        (7) corporation;
that enters or proposes to enter into a financing agreement with a state educational institution for construction of facilities or management of facilities, or both. As added by P.L.2-2007, SEC.276.

IC 21-35-1-4
"Facilities"
     Sec. 4. "Facilities", for purposes of IC 21-35-7, means buildings and equipment located on or immediately adjacent to a university campus, the primary purpose of which is to make available or provide:
        (1) offstreet parking;
        (2) alternative transportation systems;
        (3) office space;
        (4) convenience, retail, and service establishments;
        (5) bookstores;
        (6) research;
        (7) outpatient and extended care;
        (8) food service;
        (9) temporary lodging quarters or similar structures used by:
            (A) students;
            (B) faculty;
            (C) staff;
            (D) patients; or
            (E) visitors;
        (10) housing used by students in connection with:
            (A) hospitals; or
            (B) health care units; or
        (11) any combination of the buildings and services listed in this section.
The term does not include undergraduate dormitories.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-5
"Financing"
     Sec. 5. "Financing", for purposes of IC 21-35-7, means the activities listed in IC 21-35-7-4.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-6
"Financing agreement"
     Sec. 6. "Financing agreement", for purposes of IC 21-35-7, means any agreement between a state educational institution and a developer or user concerning:
        (1) the:
            (A) acquisition;
            (B) construction; or
            (C) management;
        of facilities;
        (2) the:
            (A) financing;
            (B) leasing; or
            (C) possession;         of facilities; or
        (3) any combination of the items listed in subdivisions (1) and (2); and
        (4) payments to or from the university in respect of the items listed in subdivisions (1) and (2).
As added by P.L.2-2007, SEC.276.

IC 21-35-1-7
"Income"
     Sec. 7. "Income":
        (1) for purposes of IC 21-35-2, with respect to any property, includes the sum of all mandatory student service fees:
            (A) collected for the use of the property; and
            (B) assessed against the students of the institution;
        to provide security for bonds issued under IC 21-35-2; and
        (2) for purposes of IC 21-35-3, with respect to a campus facility, includes the sum of all mandatory student service fees:
            (A) collected for the use of the facility; and
            (B) assessed against the students of the institution;
        to provide security for bonds issued under IC 21-35-3.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-8
"Net income"
     Sec. 8. "Net income" for purposes of IC 21-35-2 and IC 21-35-3, with respect to any property, means income minus the costs of operating, maintaining, and repairing the property except when these costs are otherwise paid.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-9
"Property"
     Sec. 9. "Property":
        (1) for purposes of IC 21-35-2, means any property that the board of trustees of a state educational institution is authorized to finance under IC 21-35-2 and under IC 21-35-5 by the issuance of bonds, refunding bonds, or advance refunding bonds;
        (2) for purposes of IC 21-35-3, means any property that the board of trustees of a state educational institution is authorized to finance under IC 21-35-3 and under IC 21-35-5 by the issuance of bonds, refunding bonds, or advance refunding bonds; and
        (3) for purposes of IC 21-35-5, means any property that the board of trustees of a state educational institution is authorized to finance by the issuance of revenue obligations issued under IC 21-35-5.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-10 "Research facility"
     Sec. 10. "Research facility", for purposes of IC 21-35-3, refers to property described in IC 21-35-3-2(2).
As added by P.L.2-2007, SEC.276.

IC 21-35-1-11
"Revenue obligations"
     Sec. 11. "Revenue obligations", for purposes of IC 21-35-5, means any obligations, including:
        (1) bonds;
        (2) notes;
        (3) temporary, interim, or permanent certificates of indebtedness;
        (4) debentures; or
        (5) other obligations;
payable out of revenues derived from properties described in IC 21-35-5.
As added by P.L.2-2007, SEC.276.

IC 21-35-1-12
"Support facility"
     Sec. 12. "Support facility", for purposes of IC 21-35-3, refers to property described in IC 21-35-3-2(1).
As added by P.L.2-2007, SEC.276.

IC 21-35-1-13
"User"
     Sec. 13. "User", for purposes of IC 21-35-7, means any of the following that has entered into a financing agreement with a state educational institution or developer in contemplation of the user's use of the facilities referred to in the agreement:
        (1) A person.
        (2) A firm.
        (3) A partnership.
        (4) A limited liability company.
        (5) A trust.
        (6) An association.
        (7) A corporation.
As added by P.L.2-2007, SEC.276.