Indiana § 5-1.2-4.5-2 Applicability; extension or amendment; threshold amounts; review by
the budget agency

Indiana Statutes

§ 5-1.2-4.5-2 — Applicability; extension or amendment; threshold amounts; review by the budget agency

Indiana § 5-1.2-4.5-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4.5Public-Private Agreements and Certain Other

This text of Indiana § 5-1.2-4.5-2 (Applicability; extension or amendment; threshold amounts; review by the budget agency) 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 § 5-1.2-4.5-2 (2026).

Text

(a)This section applies to:

(1)a public-private agreement to which the authority is a party under IC 8-15.5 and that is originally entered into after May 1, 2019; and

(2)any other agreement to which the authority or the state is a party under any provision of the Indiana Code, other than IC 8-15.5, that would increase revenue as the result of the sale or lease of a state asset, or a grant of a license to operate a state asset, and that is entered into after May 1, 2020.

(b)If:

(1)an extension or an amendment to a public-private agreement described in subsection (a)(1) would increase the amount to be:

(A)paid by the authority to the operator, another private entity, or a governmental entity by at least one hundred million dollars ($100,000,000); or

(B)received by the operator or a pa

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(a) This section applies to:
(1) a public-private agreement to which the authority is a party
under IC 8-15.5 and that is originally entered into after May 1,
2019; and
(2) any other agreement to which the authority or the state is a
party under any provision of the Indiana Code, other than IC 8-15.5, that would increase revenue as the result of the sale or
lease of a state asset, or a grant of a license to operate a state
asset, and that is entered into after May 1, 2020.
(b) If:
(1) an extension or an amendment to a public-private agreement
described in subsection (a)(1) would increase the amount to be:
(A) paid by the authority to the operator, another private entity,
or a governmental entity by at least one hundred million dollars
($100,000,000); or
(B) received by the operator or a party related to the operator by
at least one hundred million dollars ($100,000,000); or
(2) an agreement described in subsection (a)(2) would increase
revenue by at least one hundred million dollars ($100,000,000) as
the result of the sale or lease of a state asset, or a grant of a license
to operate a state asset;
the authority or the state shall submit the proposed extension or
amendment to the public-private agreement described in subdivision
(1) or the proposed agreement described in subdivision (2) to the
budget committee established by IC 4-12-1-3 for its review.
(c) The budget committee may request that the authority, the
department of transportation, or both, or the state, as applicable, appear
at a public meeting of the budget committee concerning the proposed
extension or amendment to the public-private agreement described in
subsection (a)(1) or the proposed agreement described in subsection
(a)(2). The authority or the state may not enter into any extension or
amendment to the public-private agreement described in subsection
(a)(1) or the proposed agreement described in subsection (a)(2) until
after the budget committee has reviewed the proposed extension or
amendment to the public-private agreement described in subsection
(a)(1) or the proposed agreement described in subsection (a)(2).