Ind. Code § 5-1-17-17

Current through P.L. 171-2024
Section 5-1-17-17 - Capital improvement; land; sale; lease
(a) A capital improvement board may lease for a nominal lease rental, or sell to the authority, one (1) or more capital improvements or portions thereof or land upon which a capital improvement is located or is to be constructed.
(b) Any lease of all or a portion of a capital improvement by a capital improvement board to the authority must be for a term equal to the term of the lease of that capital improvement back to the capital improvement board.
(c) A capital improvement board may sell property to the authority.

IC 5-1-17-17

As added by P.L. 214-2005, SEC.6.