Section 14-25-2-2 - Contracts on unit pricing basis(a) Except as provided in section 8 of this chapter and subject to section 2.5 of this chapter, the commission may contract with a person for the provision of certain minimum quantities of stream flow or for the sale of water on a unit pricing basis. A contract for the provision of minimum stream flows or for the sale of water on a unit pricing basis:(1) must be executed by the commission; and(2) is subject to approval by the following:(A) The attorney general.(C) The person desiring the use.(b) A contract entered into under this chapter may not cover a period of more than fifty (50) years.(c) Before the submission of the contract to the governor for approval, the commission shall submit a copy of the contract to the department. The department shall, within twenty (20) days of receipt, do the following: (1) Prepare a memorandum relative to the effect that the contract might have on recreational facilities.(2) Submit the memorandum to the governor for the governor's consideration.Pre-1995 Recodification Citation: 13-2-1-7(b).
As added by P.L. 1-1995, SEC.18. Amended by P.L. 231-2007, SEC.1.