§ 5-1-17-17 — Capital improvement; land; sale; lease

Indiana § 5-1-17-17

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 17: Indiana Stadium and Convention Building Authority

Text

(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.

Legislative History

As added by P.L.214-2005, SEC.6.