Sec. 7. (a) As used in this chapter, "securitization bonds" means bonds, debentures, notes, certificates of participation, certificates of a beneficial interest, certificates of ownership, or other evidences of indebtedness that:
(1) are issued by an electric utility, its successors, or an assignee under a financing order;
(2) have a term of not more than twenty (20) years; and
(3) are secured by, or payable from, securitization property.
(b) If certificates of participation, certificates of a beneficial interest, or certificates of ownership are issued under this chapter, a reference in this chapter to "principal", "interest", or "premium" refers to comparable terms with respect to those certificates.
As added by P.L.80-2021, SEC.1.