Section 32-24-4.5-1 - Application of chapter; "public use"(a) As used in this section, "public use" means the:(1) possession, occupation, and enjoyment of a parcel of real property by the general public or a public agency for the purpose of providing the general public with fundamental services, including the construction, maintenance, and reconstruction of highways, bridges, airports, ports, certified technology parks, intermodal facilities, and parks;(2) leasing of a highway, bridge, airport, port, certified technology park, intermodal facility, or park by a public agency that retains ownership of the parcel by written lease with right of forfeiture; or(3) use of a parcel of real property to create or operate a public utility, an energy utility (as defined in IC 8-1-2.5-2), or a pipeline company. The term does not include the public benefit of economic development, including an increase in a tax base, tax revenues, employment, or general economic health.
(b) This chapter applies to a condemnor that exercises the power of eminent domain to acquire a parcel of real property: (1) from a private person;(2) with the intent of ultimately transferring ownership or control to another private person; and(3) for a use that is not a public use.(c) This chapter does not apply thirty (30) years after the acquisition of the real property.As added by P.L. 163-2006, SEC.17.