Indiana § 8-22-3.7-10 Authorized activities of authority; dissolution

Indiana Statutes

§ 8-22-3.7-10 — Authorized activities of authority; dissolution

Indiana § 8-22-3.7-10

Art. 22AIRPORTS

Ch. 3.7Airport Development Authority

This text of Indiana § 8-22-3.7-10 (Authorized activities of authority; dissolution) 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 § 8-22-3.7-10 (2026).

Text

(a)The development authority may also:

(1)finance, improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip airport projects;

(2)lease those airport projects to the authority;

(3)sue, be sued, plead, and be impleaded, but all actions against the development authority must be brought in the circuit or superior court of the county in which the development authority is located;

(4)lease, rent, purchase, and hold any real or personal property needed or considered useful in connection with airport projects;

(5)acquire real or personal property by gift, devise, or bequest and hold, use, or dispose of that property for the purposes authorized by this chapter;

(6)with permission of the owner or occupant, enter upon any lots or lands for the purpose of surveying or exam

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The development authority may also:
(1) finance, improve, construct, reconstruct, renovate, purchase,
lease, acquire, and equip airport projects;
(2) lease those airport projects to the authority;
(3) sue, be sued, plead, and be impleaded, but all actions against
the development authority must be brought in the circuit or
superior court of the county in which the development authority
is located;
(4) lease, rent, purchase, and hold any real or personal property
needed or considered useful in connection with airport projects;
(5) acquire real or personal property by gift, devise, or bequest
and hold, use, or dispose of that property for the purposes
authorized by this chapter;
(6) with permission of the owner or occupant, enter upon any lots
or lands for the purpose of surveying or examining them to
determine the location of an airport project;
(7) design, order, contract for, and construct, reconstruct, and
renovate any airport projects or improvements thereto;
(8) employ managers, superintendents, architects, engineers,
attorneys, auditors, clerks, construction managers, and other
employees necessary for construction of airport projects or
improvements to them;
(9) make and enter into all contracts and agreements necessary or
incidental to the performance of its duties and the execution of its
powers under this chapter; and
(10) take any other action necessary to implement its purposes as
set forth in section 9 of this chapter.
(b) Whenever the development board determines that the purposes
for which the development authority was formed have been
substantially fulfilled and that all bonds issued and all other obligations
incurred by the development authority have been fully paid or satisfied
or provision for the payment of the bonds and obligations has been
made in accordance with the terms of the resolution or trust indenture
securing them, the development board may declare the development
authority dissolved. On the effective date of the resolution of
dissolution, the title to all funds and other property owned by the
development authority at the time of the dissolution vests in the
authority. However, if the authority is not in existence, the title vests in
the eligible entity.