Indiana § 5-1.2-6-6 Authority may lease property to the department of natural resources;
lease terms

Indiana Statutes

§ 5-1.2-6-6 — Authority may lease property to the department of natural resources; lease terms

Indiana § 5-1.2-6-6

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 6Recreational Development Facilities and Park Projects

This text of Indiana § 5-1.2-6-6 (Authority may lease property to the department of natural resources; lease terms) 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 § 5-1.2-6-6 (2026).

Text

The authority may lease property to the department of natural resources and others. A lease:

(1)may provide for the operation, maintenance, improvement, or renovation of the property;

(2)must contain standards for operation, quality of goods and services, and price of goods and services;

(3)need not be approved by the attorney general or the governor;

(4)may be executed by the:

(A)chair or vice chair of the authority; and

(B)public finance director; and

(5)is binding on the state after advertisement one (1) time a week for two (2) weeks in two (2) newspapers published in Indianapolis. The first publication must be at least fourteen (14) days before a public hearing by the authority, and the proposed lease must be on file in the department of natural resources during the period of pu

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The authority may lease property to the
department of natural resources and others. A lease:
(1) may provide for the operation, maintenance, improvement, or
renovation of the property;
(2) must contain standards for operation, quality of goods and
services, and price of goods and services;
(3) need not be approved by the attorney general or the governor;
(4) may be executed by the:
(A) chair or vice chair of the authority; and
(B) public finance director; and
(5) is binding on the state after advertisement one (1) time a week
for two (2) weeks in two (2) newspapers published in
Indianapolis. The first publication must be at least fourteen (14)
days before a public hearing by the authority, and the proposed
lease must be on file in the department of natural resources during
the period of publication.