Indiana Statutes
§ 36-9-30-27 — Lease with option to purchase facilities; lessor corporation; payment
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 30 Solid Waste Collection and Disposal
In anticipation of the acquisition of a site
and the construction and erection of solid waste disposal facilities,
including the necessary equipment and appurtenances, a unit may enter
into a lease with option to purchase with a lessor corporation, subject
to the approval of the department of local government finance. Such a
lease may not provide for the payment of any lease rental by the lessee
until the facilities are completed and ready for solid waste disposal.
The lessor corporation shall agree in the lease to furnish a bond
satisfactory to the lessee and conditioned upon final completion of the
facilities within the period specified in the lease, except for
unavoidable delays.
[Pre-Local Government Recodification Citation:
19-2-1-24.]
As added by Acts 1981, P.L.309, SEC.106. Amended
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 36-9-30-27 (Lease with option to purchase facilities; lessor corporation; payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Repealed