Indiana Code
Chapter 10. Leasing and Lease-Purchasing Structures
36-1-10-7. Lease of a Structure, Transportation System, or System by a Political Subdivision Other Than a School Corporation

Sec. 7. (a) As used in this section, "threshold amount" means two hundred fifty thousand dollars ($250,000).
(b) This section does not apply if the total annual cost of the lease is less than the threshold amount.
(c) A leasing agent for a political subdivision, other than a school corporation, may not lease a structure, transportation project, or system unless:
(1) the leasing agent receives a petition signed by fifty (50) or more taxpayers of the political subdivision or agency; and
(2) the fiscal body of the political subdivision determines, after investigation, that the structure, transportation project, or system is needed.
[Pre-Local Government Recodification Citation: 18-5-3.3-1 part.]
As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.330-1985, SEC.2; P.L.37-1988, SEC.12; P.L.343-1989(ss), SEC.15; P.L.233-2015, SEC.329; P.L.257-2019, SEC.95.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 1. General Provisions

Chapter 10. Leasing and Lease-Purchasing Structures

36-1-10-1. Application of Chapter

36-1-10-2. Definitions

36-1-10-3. Persons Entitled to Lease Property to Political Subdivision or Agency

36-1-10-4. Repealed

36-1-10-4.1. Leasing Agents; Compliance With Chapter; Procedure in Lease Without Option to Purchase

36-1-10-5. Leases Without Option to Purchase; Procedure

36-1-10-6. Limitation on Term of Lease

36-1-10-7. Lease of a Structure, Transportation System, or System by a Political Subdivision Other Than a School Corporation

36-1-10-7.5. Lease of a Structure, Transportation System, or System by a School Corporation

36-1-10-8. Joint Leasing

36-1-10-9. Leases; Terms and Conditions; Options to Renew or Purchase; Exercise of Option to Purchase

36-1-10-10. Plans, Specifications, and Estimates for Structures, Systems, and Transportation Projects

36-1-10-11. Property Held in Fee Simple; Sale Procedure

36-1-10-12. Lease in Anticipation of Acquisition or Construction of Structure, System, or Transportation Project

36-1-10-13. Hearing; Procedure; Execution of Lease

36-1-10-14. Disagreement With Execution of Lease; Petition; Hearing; Decision

36-1-10-15. Actions to Contest Validity of Lease or to Enjoin Performance Under Lease

36-1-10-16. Conveyance of Structure to Lessor and Lease Back; Purchase Price; Option to Purchase

36-1-10-17. Annual Appropriation and Tax Levy

36-1-10-18. Tax Exemption of Leased Structures, Systems, and Transportation Projects; Taxation of Rental Paid Lessor

36-1-10-19. Assignment or Conveyance of Lease; Conveyance of Structure, System, or Transportation Project

36-1-10-20. Repealed

36-1-10-20.1. Repealed

36-1-10-21. Not-for-Profit Corporations; Issuance and Sale of Bonds and Other Securities

36-1-10-22. Certain Leases Legalized and Validated