Indiana Statutes
§ 36-7.6-4-11 — Leases or sale of projects or land to development authorities
Indiana § 36-7.6-4-11
JurisdictionIndiana
Title 36LOCAL GOVERNMENT
Art. 7.6REGIONAL DEVELOPMENT AUTHORITIES
Ch. 4Financing; Issuance of Bonds; Leases
This text of Indiana § 36-7.6-4-11 (Leases or sale of projects or land to development authorities) 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 § 36-7.6-4-11 (2026).
Text
(a)An eligible political subdivision may
lease for a nominal lease rental, or sell to a development authority, one
(1)or more projects or parts of a project or land on which a project is
located or is to be constructed.
(b)Any lease of all or a part of a project by an eligible political
subdivision to a 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 a
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.232-2007, SEC.7.
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 § 36-7.6-4-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-7.6-4-11.