Indiana Code Title 36. Local Government § 36-10-9-2

Sec. 2. As used in this chapter:

“Board” refers to a capital improvement board of managers created under this chapter.

“Bonds” means bonds issued under section 12 or section 15 of this chapter and, except as used in section 12 of this chapter or unless the context otherwise requires, lease agreements entered into under section 6(15) of this chapter.

“Excise taxes” refers to the excise taxes imposed by IC 6-9-8, IC 6-9-12, and IC 6-9-13.

“Issue”, “issued”, or “issuance” means in the case of lease agreements “execute”, “executed”, or “execution” respectively.

“Lease agreements” means lease agreements entered into under section 6(15) of this chapter.

“Net income” means the gross income from the operation of a capital improvement after deducting the necessary operating expenses of the board.

“Notes” means notes issued under section 21 of this chapter.

“Operating expenses” means:

“Principal and interest” or “principal on and interest of” includes, unless the context otherwise requires, payments required by lease agreements.

“Pre-1981 general obligation bonds” means general obligation bonds issued before January 1, 1981.

“Trust agreements”, except as used in section 13 of this chapter or unless the context otherwise requires, includes lease agreements.