Sec. 6. (a) As used in this chapter, "public infrastructure" means any of the following infrastructure that is or will be owned, maintained, or provided by a political subdivision:
(1) A water distribution system.
(2) A water treatment plant.
(3) A wastewater treatment plant.
(4) A sanitary sewer system.
(5) A storm sewer system.
(6) A lift station.
(7) A street, road, or bridge.
(8) A curb, gutter, or sidewalk.
(9) A traffic signal.
(10) A street light.
(11) An electric or gas distribution line.
(b) The term includes the purchase of land necessary to accommodate a project listed in this section, including any excavation and compaction.
(c) For purposes of subsection (a)(1) through (a)(4), a political subdivision is providing the infrastructure notwithstanding that, after completion of construction, the infrastructure is contributed by the political subdivision to a:
(1) public utility (as defined in IC 8-1-2-1(a));
(2) municipally owned utility (as defined in IC 8-1-2-1(h));
(3) not-for-profit utility (as defined in IC 8-1-2-125(a));
(4) cooperatively owned corporation;
(5) conservancy district established under IC 14-33; or
(6) regional water or sewer district established under IC 13-26.