Definitions

Sec. 1. The following definitions apply throughout this chapter: (1) "Eligible transfer of real property" means the transfer of an item of real property by a transferring entity under any of the following statutes: (A) IC 36-7-14-22.5. (B) IC 36-7-15.1-15.5. (C) IC 36-7-38. (2) "Land bank" has the meaning set forth in IC 36-7-38-1. (3) "Redevelopment commission" includes: (A) a redevelopment commission established under IC 36-7-14; and (B) a metropolitan development commission established under IC 36-7-15.1. (4) "Transferring entity" means: (A) a land bank; or (B) a redevelopment commission. As added by P.L.110-2017, SEC.2.