Ind. Code § 5-1.2-7-14

Current through P.L. 171-2024

Section 5-1.2-7-14 - Leases before construction, erection, or renovation of buildings

A county may, in anticipation of the construction, erection, or renovation of a building (including the necessary equipment and appurtenances), make and enter into a lease with the authority before the actual acquisition of a site and the construction, erection, or renovation of the building. The lease shall not provide for the payment of any lease rental by the lessee until the building is ready for occupancy. However, if a building is to be acquired and renovated under this chapter, a county may, in anticipation of the acquisition and renovation, make and enter into a lease upon terms and conditions that are agreed upon by the county and the authority, including:

(1) terms and conditions upon which the county may continue to operate the building until completion of the renovation; and

(2) the payment of a lease rental by the lessee during the period of renovation.

IC 5-1.2-7-14

Added by P.L. 189-2018,SEC. 25, eff. 7/1/2018.