§ 8-15.5-10-2 — Contracts necessary for performance of authority's or other governmental entity's duties

Indiana § 8-15.5-10-2

• Jurisdiction: Indiana
• Art. 15.5: PUBLIC-PRIVATE AGREEMENTS FOR TOLL
• Ch. 10: Additional Powers of the Authority Concerning Toll

Text

(a) The authority may make and enter into all
contracts and agreements necessary or incidental to the performance of
the authority's duties and the execution of the authority's powers under
this article. These contracts or agreements are not subject to any
approvals other than the approval of the authority and may be for any
term of years and contain any terms that are considered reasonable by
the authority.
(b) The department and any other governmental entity may make
and enter into all contracts and agreements necessary or incidental to
the performance of the duties and the execution of the powers granted
to the department or the governmental entity in accordance with this
article or the public-private agreement, including the transfer to the
authority of the real property interests, fixtures, equipment, and
improvements that are reasonably required for the project and the
public-private agreement. These contracts or agreements are not
subject to any approvals other than the approval of the department or
governmental entity and may be for any term of years and contain any
terms that are considered reasonable by the department or the
governmental entity.

Legislative History

As added by P.L.47-2006, SEC.39. Amended by P.L.91-2014, SEC.32; P.L.213-2015, SEC.119.