§ 36-7-30-20 — Lessor of property

Indiana § 36-7-30-20

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 30: Reuse of Federal Military Bases

Text

(a) Any of the following persons may lease
facilities referred to in section 19 of this chapter to a military base
reuse authority under this chapter:
(1) A for-profit or nonprofit corporation organized under Indiana
law or admitted to do business in Indiana.
(2) A partnership, an association, a limited liability company, or
a firm.
(3) An individual.
(4) With respect to all reuse authorities located in a county that
does not have a consolidated city, a redevelopment authority
established under IC 36-7-14.5.
(5) With respect to all reuse authorities located in a county with
a consolidated city, an authority established under IC 36-7-15.3.
(b) Notwithstanding any other law, a lessor under this section and
section 19 of this chapter is a qualified entity for purposes of IC 5-1.4.
(c) Notwithstanding any other law, a military base reuse facility
leased by the reuse authority under this chapter from a lessor borrowing
bond proceeds from a unit under IC 36-7-12 is an economic
development facility for purposes of IC 36-7-11.9-3 and IC 36-7-12.
(d) Notwithstanding IC 36-7-12-25 and IC 36-7-12-26, payments by
a reuse authority to a lessor described in subsection (c) may be made
from sources set forth in section 19 of this chapter if the payments and
the lease are structured to prevent the lease obligation from constituting
a debt of the unit or the district for purposes of the Constitution of the
State of Indiana.

Legislative History

As added by P.L.26-1995, SEC.14.