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.
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