Indiana Statutes
§ 5-1-17-17 — Capital improvement; land; sale; lease
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 17 Indiana Stadium and Convention Building Authority
(a)A capital improvement board may lease
for a nominal lease rental, or sell to the authority, one (1) or more
capital improvements or portions thereof or land upon which a capital
improvement is located or is to be constructed.
(b)Any lease of all or a portion of a capital improvement by a
capital improvement board to the authority must be for a term equal to
the term of the lease of that capital improvement back to the capital
improvement board.
(c)A capital improvement board may sell property to the authority.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 5-1-17-17 (Capital improvement; land; sale; lease) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.214-2005, SEC.6.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined