Title 48, Chapter 4, Section 60
As used in this article, the term:
(1) "Agreement" means:
(A) An interlocal cooperation agreement entered into by the
parties pursuant to this article; or
(B) A resolution of a consolidated government establishing an
authority pursuant to this article.
(2) "Authority" means the land bank authority established pursuant
to this article.
(3) "Parties" means the parties to the agreement, which shall
include one or more cities and the county containing such cities,
or a consolidated government which has adopted a resolution
establishing an authority.
(4) "Property" means real property, including any improvements
(5) "Tax delinquent property" means any property on which the
taxes levied and assessed by any party remain in whole or in part
unpaid on the date due and payable.