§ 14-25-2-2 — Contracts on unit pricing basis

(a) Except as provided in section 8 of this
chapter and subject to section 2.5 of this chapter, the commission may
contract with a person for the provision of certain minimum quantities
of stream flow or for the sale of water on a unit pricing basis. A
contract for the provision of minimum stream flows or for the sale of
water on a unit pricing basis:
(1) must be executed by the commission; and
(2) is subject to approval by the following:
(A) The attorney general.
(B) The governor.
(C) The person desiring the use.
(b) A contract entered into under this chapter may not cover a
period of more than fifty (50) years.
(c) Before the submission of the contract to the governor for
approval, the commission shall submit a copy of the contract to the
department. The department shall, within twenty (20) days of receipt,
do the following:
(1) Prepare a memorandum relative to the effect that the contract
might have on recreational facilities.
(2) Submit the memorandum to the governor for the governor's
consideration.
[Pre-1995 Recodification Citation: 13-2-1-7(b).]

Legislative History

As added by P.L.1-1995, SEC.18. Amended by P.L.231-2007, SEC.1.