Indiana Statutes
§ 8-16-3.5-7 — Contracts of lease before completion of bridge; bond
Indiana § 8-16-3.5-7
This text of Indiana § 8-16-3.5-7 (Contracts of lease before completion of bridge; bond) 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 § 8-16-3.5-7 (2026).
Text
(a)A county may, in anticipation of the
construction of a bridge, make and enter into a contract of lease with
the lessor corporation subject to the approval of the department of local
government finance prior to the actual acquisition of a site and the
construction of the bridge, but the contract of lease shall not provide for
the payment of any lease rental by the lessee until the bridge is
completed and ready for use, at which time the stipulated lease rental
may begin.
(b)As a condition of entering into a lease, a county may require a
lessor corporation to furnish a bond in a specified amount conditioned
upon the completion of the bridge within a specified period of time.
Formerly: Acts 1975, P.L.92, SEC.2. As amended by
P.L.86-1988, SEC.30; P.L.90-2002, SEC.324.
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Nearby Sections
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Staff of commission§ 8-1-1-12
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RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-16-3.5-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-16-3.5-7.