Sec. 1. (a) As used in this chapter, "commission" refers to the northwest Indiana professional sports development commission established by section 2 of this chapter. (b) As used in this chapter, "fund" refers to the local professional sports development fund created by section 13 of this chapter. (c) As used in this chapter, "professional sports franchise" refers to a club, corporation, sole proprietorship, partnership, limited liability company, association, or other legal entity operating a professional sports team that belongs to one (1) of the following: (1) A professional football league established before 1930. (2) A professional baseball league established before 1910. (3) An association of professional basketball teams established before 1960. (4) A North American hockey league that has had at least one (1) franchise in the United States since 1924. (5) A professional soccer league established in 1993.
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