Sec. 1. The following definitions apply throughout this chapter:
(1) "Commission" refers to the Lake Michigan marina and shoreline development commission established by section 2 of this chapter.
(2) "Corridor" means the strip of land in Indiana abutting Lake Michigan and the tributaries of Lake Michigan.
(3) "Environmental fund" refers to the shoreline environmental trust fund established by section 19 of this chapter.
(4) "Environmental grant" means a grant from the environmental fund.
(5) "Qualifying property" means one (1) or more parcels of land in the corridor under common ownership, regardless of whether any improvements are located on the land, with respect to which:
(A) the:
(i) land is unused, if there are no improvements on the land; or
(ii) land and improvements are unused;
(B) all or a part of each parcel of the land is located within five hundred (500) yards of a lake or river; and
(C) there are significant obstacles to redevelopment because of any of the following:
(i) Obsolete or inefficient buildings.
(ii) Aging infrastructure or inefficient utility services.
(iii) Utility relocation requirements.
(iv) Transportation or access problems.
(v) Topographical obstacles.
(vi) Environmental contamination.
As added by P.L.31-2001, SEC.1. Amended by P.L.197-2011, SEC.127.