§ 36-9-4-8 — Purchase of property by municipalities from sources other than systems; contracts and leases

(a) If, under section 5 of this chapter, the
municipal legislative body decides to purchase buses or real property,
or both, for the urban mass transportation system from a source other
than the system, it must enter into and confirm by ordinance a contract
and lease requiring the municipality to:
(1) purchase the buses or real property; or
(2) lease the buses or property purchased to the system for use in
providing mass transportation within the municipality.
(b) A lease of buses or real property by a municipality to a system
under this section must incorporate provisions for rental and other
terms and provisions that the municipal legislative body considers
necessary under this chapter. The municipality and the system may
enter into additional contracts and leases during the term of the lease.
The term of a lease of buses under this section may not exceed
twenty-five (25) years.
(c) The purchase of buses under this section is governed by the
general statutes governing public purchases.
[Pre-Local Government Recodification Citation: 19-5-2-7
part.]
As added by Acts 1981, P.L.309, SEC.77. Amended by Acts
1981, P.L.317, SEC.2.