Indiana Statutes

§ 8-16-3.5-1 — Contracts of lease; taxpayers' petitions

Indiana § 8-16-3.5-1
JurisdictionIndiana
Art. 16BRIDGES AND TUNNELS
Ch. 3.5Leasing of Bridges by Counties

This text of Indiana § 8-16-3.5-1 (Contracts of lease; taxpayers' petitions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 8-16-3.5-1 (2026).

Text

(a)A county may lease a bridge and pay the lease rental from the cumulative bridge fund and levy under IC 8-16-3.
(b)A contract of lease may not be entered into unless there is first filed with the county executive a petition for a longer lease, signed by fifty (50) or more taxpaying citizens of the county, and the county executive has, after investigation, determined that a need exists for the bridge. The total annual dollar obligation under all contracts of lease for bridges made by a county may not exceed the county's estimated annual revenue from a cumulative bridge fund levy of twenty cents ($0.20) on each one hundred dollars ($100) on all taxable personal and real property within the county. Formerly: Acts 1975, P.L.92, SEC.2. As amended by P.L.86-1988, SEC.23.

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Bluebook (online)
Indiana § 8-16-3.5-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-16-3.5-1.