Indiana Statutes
§ 8-22-3.7-16 — Sales or leases of projects to development authority
Indiana § 8-22-3.7-16
This text of Indiana § 8-22-3.7-16 (Sales or leases of projects to development authority) 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 § 8-22-3.7-16 (2026).
Text
(a)The authority may lease for a nominal
lease rental or sell to the development authority one (1) or more airport
projects or portions of airport projects or land upon which an airport
project is located or is to be constructed.
(b)Any lease of all or a portion of an airport project by the authority
to the development authority must be for a term equal to the term of the
lease of that airport project back to the authority.
(c)The authority or the eligible entity may sell property to the
development authority for the amount that the authority or the eligible
entity determines to be in the best interest of the authority or the
eligible entity, which amount may be paid from the proceeds of bonds
of the development authority.
(d)The authority may sublease an airport project or portion of
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Legislative History
As added by P.L.108-1993, SEC.11.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-22-3.7-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-22-3.7-16.