Indiana § 4-12-14-6 Conditions for entering into sublease

Indiana Statutes

§ 4-12-14-6 — Conditions for entering into sublease

Indiana § 4-12-14-6

Art. 12APPROPRIATIONS MANAGEMENT

Ch. 14Columbus Learning Center Lease

This text of Indiana § 4-12-14-6 (Conditions for entering into sublease) 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 § 4-12-14-6 (2026).

Text

The budget agency may not enter into a sublease under section 5 of this chapter unless the following conditions are met:

(1)The total:

(A)acquisition;

(B)construction;

(C)initial installation; and

(D)initial equipping; costs for the Columbus Learning Center that are to be financed through lease rental revenue bonds is twenty-five million dollars ($25,000,000) or less, excluding amounts necessary to provide money for debt service reserves, credit enhancement, or other costs incidental to the issuance of bonds.

(2)The director of the budget agency has certified in writing to the legislative council that there is an unmet higher education need that the Columbus Learning Center will correct.

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The budget agency may not enter into a
sublease under section 5 of this chapter unless the following conditions
are met:
(1) The total:
(A) acquisition;
(B) construction;
(C) initial installation; and
(D) initial equipping;
costs for the Columbus Learning Center that are to be financed
through lease rental revenue bonds is twenty-five million dollars
($25,000,000) or less, excluding amounts necessary to provide
money for debt service reserves, credit enhancement, or other
costs incidental to the issuance of bonds.
(2) The director of the budget agency has certified in writing to
the legislative council that there is an unmet higher education
need that the Columbus Learning Center will correct.