Sec. 11. (a) "Asbestos containing material", for purposes of IC 13-17-6, means material that contains more than one percent (1%) asbestos by area and that:
(1) is friable; or
(2) has a reasonable probability of becoming friable in the course of ordinary or anticipated use of the building containing the material.
(b) The term does not include asbestos containing resilient floor covering materials, including:
(1) sheet vinyl flooring;
(2) resilient tile; and
(3) associated adhesives;
unless the materials are sanded, beadblasted, or mechanically pulverized so that visible asbestos emissions are discharged.