§ 8-15.7-10-1 — Dedication of public property for qualifying project

Indiana § 8-15.7-10-1

• Jurisdiction: Indiana
• Art. 15.7: PUBLIC-PRIVATE PARTNERSHIPS
• Ch. 10: Acquisition of Property

Text

(a) A public entity may dedicate any property
interest that it has for public use as a qualifying project if the public
entity finds that dedication of the property interest will serve the public
purpose of this article. In connection with the dedication, a public
entity may convey any property interest that the public entity has to the
operator, subject to the:
(1) conditions imposed by general law governing conveyances;
and
(2) provisions of this article;
for the consideration that the public entity considers appropriate.
(b) Consideration for a transfer under this section may include an
agreement with the operator to develop, finance, or operate the
qualifying project. The property interests that the public entity may
convey to the operator in connection with a dedication under this
section may include licenses, franchises, easements, or any other right
or interest that the public entity considers appropriate.

Legislative History

As added by P.L.47-2006, SEC.40.