Indiana Statutes
§ 36-9-4-29 — Public transportation corporation; operation of system; contracts or leases for use of system
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 4 Urban Mass Transportation Systems; Public
(a)Upon acquisition of the necessary property
by a public transportation corporation, the board of directors of the
corporation may:
(1)operate and maintain the system;
(2)lease the system to any operator; or
(3)contract for the use of the system by any operator.
(b)The board may also contract with any organization that has
executive personnel with experience and skill applicable to the
superintendence of the operation and maintenance of an urban mass
transportation system. The contract must require the organization to
furnish its services and the services of its personnel for the
superintendence of the system.
(c)The maximum term of a contract or lease executed under this
section is twenty-five (25) years.
(d)A contract or lease executed under this section must be
confirmed by ordi
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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Repealed