Indiana Statutes
§ 36-7.5-4-11 — Leases or sale of projects or land to authority
Indiana § 36-7.5-4-11
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 7.5NORTHWEST INDIANA REGIONAL
Ch. 4Financing; Issuance of Bonds; Leases
This text of Indiana § 36-7.5-4-11 (Leases or sale of projects or land to authority) 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 § 36-7.5-4-11 (2026).
Text
(a)An eligible political subdivision may
lease for a nominal lease rental, or sell to the development authority,
one (1) or more projects or portions of a project or land upon which a
project is located or is to be constructed.
(b)Any lease of all or a portion of a project by an eligible political
subdivision to the development authority must be for a term equal to
the term of the lease of that project back to the eligible political
subdivision.
(c)An eligible political subdivision may sell property to the
development authority for the amount the eligible political subdivision
determines to be in the best interest of the eligible political subdivision.
The development authority may pay that amount from the proceeds of
bonds of the development authority.
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Legislative History
As added by P.L.214-2005, SEC.73.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 36-7.5-4-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-7.5-4-11.