Indiana § 36-1-10-7 Lease of a structure, transportation system, or system by a political
subdivision other than a school corporation

Indiana Statutes

§ 36-1-10-7 — Lease of a structure, transportation system, or system by a political subdivision other than a school corporation

Indiana § 36-1-10-7

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 10Leasing and Lease-Purchasing Structures

This text of Indiana § 36-1-10-7 (Lease of a structure, transportation system, or system by a political subdivision other than a school corporation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-1-10-7 (2026).

Text

(a)As used in this section, "threshold amount" means two hundred fifty thousand dollars ($250,000).

(b)This section does not apply if the total annual cost of the lease is less than the threshold amount.

(c)A leasing agent for a political subdivision, other than a school corporation, may not lease a structure, transportation project, or system unless:

(1)the leasing agent receives a petition signed by fifty (50) or more taxpayers of the political subdivision or agency; and

(2)the fiscal body of the political subdivision determines, after investigation, that the structure, transportation project, or system is needed. [Pre-Local Government Recodification Citation: 18-5-3.3-1 part.] As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.330-1985, SEC.2; P.L.37-1988, SEC.12; P.L.343-1989(s

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(a) As used in this section, "threshold amount"
means two hundred fifty thousand dollars ($250,000).
(b) This section does not apply if the total annual cost of the lease
is less than the threshold amount.
(c) A leasing agent for a political subdivision, other than a school
corporation, may not lease a structure, transportation project, or system
unless:
(1) the leasing agent receives a petition signed by fifty (50) or
more taxpayers of the political subdivision or agency; and
(2) the fiscal body of the political subdivision determines, after
investigation, that the structure, transportation project, or system
is needed.
[Pre-Local Government Recodification Citation: 18-5-3.3-1
part.]
As added by Acts 1981, P.L.57, SEC.36. Amended by
P.L.330-1985, SEC.2; P.L.37-1988, SEC.12; P.L.343-1989(ss),
SEC.15; P.L.233-2015, SEC.329; P.L.257-2019, SEC.95.