Indiana § 8-10-5-12 Private enterprise; participation in construction and operation of
facilities

Indiana Statutes

§ 8-10-5-12 — Private enterprise; participation in construction and operation of facilities

Indiana·Art. 10 PORTS·Ch. 5 Creation of Port Authorities by Local Governments

The port authority shall foster and encourage
the participation of private enterprise in the development of the port
facilities to the fullest extent it deems practicable in the interest of
limiting the necessity of construction and operation of such facilities by
the port authority. In this respect the port authority may upon its own
motion or upon the written request of any other party advertise and
solicit for the construction, operation and/or maintenance of any facility
included in the development plan in accordance to plans, specifications
and regulations therefor prepared by the board of directors.
It is further provided that in the event the board of directors deems
it advisable and practicable, said board may cause certain facilities
included in the development plan to be installe

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The port authority shall foster and encourage
the participation of private enterprise in the development of the port
facilities to the fullest extent it deems practicable in the interest of
limiting the necessity of construction and operation of such facilities by
the port authority. In this respect the port authority may upon its own
motion or upon the written request of any other party advertise and
solicit for the construction, operation and/or maintenance of any facility
included in the development plan in accordance to plans, specifications
and regulations therefor prepared by the board of directors.
It is further provided that in the event the board of directors deems
it advisable and practicable, said board may cause certain facilities
included in the development plan to be installed by private enterprise
and leased back to the port authority on an instalment contract or
option to purchase. The exercise of any power granted to the port
authority under the provisions of this section shall be consummated and
regulated in accordance with detailed provisions set out and enacted
into proper legislation by the governing body or governing bodies
creating such port authority.
Formerly: Acts 1959, c.343, s.12; Acts 1961, c.247, s.4.

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