§ 36-10-9.1-10 — Purposes

Indiana § 36-10-9.1-10

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 10: RECREATION, CULTURE, AND COMMUNITY
• Ch. 9.1: Marion County Convention and Recreational Facilities

Text

The authority is organized for the
following purposes:
(1) Financing, constructing, and leasing capital improvements to
the capital improvement board.
(2) Financing and constructing additional improvements to capital
improvements owned by the authority and leasing them to the
capital improvement board.
(3) Acquiring all or a portion of one (1) or more capital
improvements from the capital improvement board by purchase
or lease and leasing these capital improvements back to the
capital improvement board, with any additional improvements
that may be made to them.
(4) Acquiring all or a portion of one (1) or more capital
improvements from the capital improvement board by purchase
or lease to fund or refund indebtedness incurred on account of
those capital improvements to enable the capital improvement
board to make a savings in debt service obligations or lease rental
obligations or to obtain relief from covenants that the capital
improvement board considers to be unduly burdensome.

Legislative History

As added by P.L.82-1985, SEC.12.