§ 5-2-2-15 — Construction of buildings; occupancy

When any such debentures shall have been
issued, the commission shall proceed with the construction and
equipment of the building or buildings as promptly as may be, and from
and after the date of completion of such building or buildings it shall
be available for use and occupancy by the Law Enforcement Training
Board. It is hereby represented that the State of Indiana will have a
continuing need for use and occupancy of the facilities to be afforded
by said building or buildings. The commission and the Law
Enforcement Training Board shall enter into appropriate agreements
setting forth the terms and conditions of such use and occupancy and
the sums agreed to be paid at stated intervals for such use and
occupancy. The Law Enforcement Training Board shall not be
obligated to continue such use and occupancy and make payments
therefor pursuant to any such agreement but shall be entitled and
required to vacate the building or buildings if it is shown that the terms
and conditions of such use and occupancy and the amount to be paid
therefor is unjust and unreasonable considering the value of the
services and facilities thereby afforded: Provided, that in determining
just and reasonable amounts to be paid for the use and occupancy of
the building or buildings, the commission shall be required to impose
and collect amounts which in the aggregate will be sufficient to pay the
expenses of operation, maintenance and repair of said building or
buildings to the extent that such expenses are not otherwise provided
and leave a balance of net income and revenues from the building or
buildings to pay the interest on the debentures as the same become due
and accomplish retirement thereof at or before maturity.
Formerly: Acts 1971, P.L.43, SEC.1.