Indiana § 7.1-3-22-10 City or town purchasing permit issued in excess of quota; return and
retirement of permit

Indiana Statutes

§ 7.1-3-22-10 — City or town purchasing permit issued in excess of quota; return and retirement of permit

Indiana·Art. 3 PERMITS·Ch. 22 Quotas on Issuance of Permits

(a)This section applies to a permit subject to a quota under this article that:

(1)exceeds the permissible number of permits under the quota; and

(2)is eligible for renewal by law despite the permit exceeding the quota.

(b)A city or town may purchase a permit described in subsection (a) from the permit holder. The purchase price must be agreed to by:

(1)the permit holder; and

(2)the executive (as defined in IC 36-1-2-5) of the respective city or town, with the approval of the legislative body (as defined in IC 36-1-2-9) of the respective city or town.

(c)The executive of a city or town that purchases a permit under subsection (b) shall return the permit to the commission.

(d)The commission shall retire a permit received under subsection

(c)and may not issue to another person a per

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(a) This section applies to a permit subject
to a quota under this article that:
(1) exceeds the permissible number of permits under the quota;
and
(2) is eligible for renewal by law despite the permit exceeding the
quota.
(b) A city or town may purchase a permit described in subsection (a)
from the permit holder. The purchase price must be agreed to by:
(1) the permit holder; and
(2) the executive (as defined in IC 36-1-2-5) of the respective city
or town, with the approval of the legislative body (as defined in
IC 36-1-2-9) of the respective city or town.
(c) The executive of a city or town that purchases a permit under
subsection (b) shall return the permit to the commission.
(d) The commission shall retire a permit received under subsection
(c) and may not issue to another person a permit received under
subsection (c).

Indiana § 7.1-3-22-10 (City or town purchasing permit issued in excess of quota; return and retirement of permit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.