Indiana § 5-1-17.5-35 Authorization and execution of leases by commission board of
directors

Indiana Statutes

§ 5-1-17.5-35 — Authorization and execution of leases by commission board of directors

Indiana § 5-1-17.5-35

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 17.5Motorsports Investment District

This text of Indiana § 5-1-17.5-35 (Authorization and execution of leases by commission board of directors) 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 § 5-1-17.5-35 (2026).

Text

Each lease under section 32 of this chapter
must be authorized by resolution of the board, which shall be entered
in the official records of the commission. Such a lease must be
executed on behalf of the commission by the chair or the vice-chair and
the secretary-treasurer of the commission, and on behalf of the
authority by the chairman or the vice chairman of the authority and the
public finance director.

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Each lease under section 32 of this chapter
must be authorized by resolution of the board, which shall be entered
in the official records of the commission. Such a lease must be
executed on behalf of the commission by the chair or the vice-chair and
the secretary-treasurer of the commission, and on behalf of the
authority by the chairman or the vice chairman of the authority and the
public finance director.