§ 13-21-3-13 — Powers of board

(a) A board may do the following:
(1) Enter into agreements concerning and acquire by any lawful
means real property or interests in real and personal property
needed for the purposes of this section or IC 13-21-9.
(2) Enter into financing agreements to purchase, lease as lessee,
construct, remodel, rebuild, enlarge, or substantially improve
facilities.
(3) Lease facilities to users or developers with or without an
option to purchase.
(4) Sell facilities to users or developers for consideration, which
may be paid in installments or otherwise.
(5) Make direct loans to users or developers for the cost of
acquisition, construction, or installation of facilities, including
real property, machinery, or equipment. If loans are made, the
development bonds must be secured by the pledge of one (1) or
more bonds or other secured or unsecured debt obligations of the
users or developers.
(6) Enter into agreements with users or developers to allow the
users or developers to wholly or partially acquire, construct, or
modify facilities to be acquired by the district.
(7) Issue waste management development bonds under IC 13-21-9
to do the following:
(A) Accomplish the purposes of this section and IC 13-21-9.
(B) Secure payment of the development bonds as provided in
IC 13-21-9.
(b) This section or IC 13-21-9 does not authorize the district's
financing of facilities for a developer unless any agreement that exists
between a developer and a user is fully disclosed to and approved by
the board.
[Pre-1996 Recodification Citation: 13-9.5-9-5(a),
(b).]

Legislative History

As added by P.L.1-1996, SEC.11.