Sec. 2. As used in this chapter, "qualified taxing unit" means a city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years:
(1) that resulted from erroneous assessed valuation figures being provided to the city, township, or school corporation; and
(2) for which the aggregate property tax revenue shortfall the city, township, or school corporation experienced, or will experience, is at least:
(A) five million dollars ($5,000,000); or
(B) twenty percent (20%) of its net tax levy;
in any single tax year as a result of the erroneous assessed valuation figures referred to in subdivision (1).