Sec. 25. (a) Any of the following persons may lease facilities referred to in section 24 of this chapter to a development authority under this chapter:
(1) A for-profit or nonprofit corporation organized under Indiana law or admitted to do business in Indiana.
(2) A partnership, an association, a limited liability company, or a firm.
(3) An individual.
(4) A redevelopment authority established under IC 36-7-14.5.
(b) Notwithstanding any other law, a lessor under this section and section 24 of this chapter is a qualified entity for purposes of IC 5-1.4.
(c) Notwithstanding any other law, a military base development facility leased by the development authority under this chapter from a lessor borrowing bond proceeds from a unit under IC 36-7-12 is an economic development facility for purposes of IC 36-7-11.9-3 and IC 36-7-12.
(d) Notwithstanding IC 36-7-12-25 and IC 36-7-12-26, payments by a development authority to a lessor described in subsection (c) may be made from sources set forth in section 24 of this chapter if the payments and the lease are structured to prevent the lease obligation from constituting a debt of a unit or the district for purposes of the Constitution of the State of Indiana.
As added by P.L.203-2005, SEC.11.
Structure Indiana Code
Article 7. Planning and Development
Chapter 30.5. Development of Multicounty Federal Military Bases
36-7-30.5-4. "Development Authority"
36-7-30.5-6. "Military Base Property"
36-7-30.5-6.5. Task Force Action to Establish Development Authority
36-7-30.5-7. Preparation for Reuse of Military Bases
36-7-30.5-8. Task Force Action to Establish Development Authority
36-7-30.5-9. Development Authority Governed by Board
36-7-30.5-10. Appointment of Members to Development Authority
36-7-30.5-11. Terms of Members; Oath; Bond; Qualifications; Reimbursement for Expenses
36-7-30.5-12. Meetings; Officers; Rules; Quorum
36-7-30.5-13. Removal From Office
36-7-30.5-14. Duties of Development Authority
36-7-30.5-15. Powers of Development Authority
36-7-30.5-16. Plan and Declaration of Military Base Development Area
36-7-30.5-17. Adoption of Resolution
36-7-30.5-18. Notice and Hearing on Adoption of Resolution
36-7-30.5-19. Appeal From Final Action of Development Authority
36-7-30.5-20. Purchase of Property
36-7-30.5-21. Acquisition of Property by Eminent Domain
36-7-30.5-22. Clearing, Maintenance, and Replanning of Development Area
36-7-30.5-23. Issuance of Bonds
36-7-30.5-24. Lease of Property
36-7-30.5-25. Lessor of Property
36-7-30.5-26. Pledge of Revenues and Covenant
36-7-30.5-27. Proceeds of Bonds; Capital and General Funds
36-7-30.5-28. Payment From Funds
36-7-30.5-29. Activities Financed by Bonds, Notes, or Warrants
36-7-30.5-30. Allocation Areas; Allocation and Distribution of Property Taxes
36-7-30.5-31. Resolution to Modify Definition of Property Taxes
36-7-30.5-33. Utility Services
36-7-30.5-35. Conditions on Property Development; Development Fees