§ 8-22-3-33 — Transfer of powers and duties to airport authority

(a) On the date of the organization and first
meeting of the board of an authority, all powers, rights, and obligations,
airports and landing fields, and administrative functions within the
jurisdiction of a duly constituted board of aviation commissioners
existing within the district of the authority are transferred to and vested
in the board of the authority. The board of aviation commissioners is
then dissolved and the terms of its members terminated.
(b) All books, plans, records, maps, and all other personal property
of the dissolved board of aviation commissioners become the property
of the authority. The authority takes title to and ownership of all
accounts receivable and all contracts and other assets of the aviation
department of a city, town or county within the district, including all
monies held for use of the aviation department whether appropriated
or not. The authority is obligated for all debts and other obligations of
the aviation department, including the obligation to pay the unpaid
balance of the principal and interest of any bonds of the city, town, or
county, to the extent the monies of the bonds were expended in the
capital investment of an airport transferred to the authority.
[Pre-Local Government Recodification Citations: 19-6-2-36;
19-6-3-37; 19-6-3.5-37.]
As added by Acts 1980, P.L.8, SEC.73.