Sec. 12. A municipality may lease all or part of the property of a parking facility to others on any terms and conditions that do not adversely affect the rights of bondholders. However, a lease of real property under this section must be made in the manner prescribed by section 13 of this chapter.
[Pre-Local Government Recodification Citations: 19-5-11-11 part; 19-5-13-13 part.]
As added by Acts 1981, P.L.309, SEC.84.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 11. Municipal Parking Facilities
36-9-11-1. Application of Chapter
36-9-11-2. Declaration of Public Purpose
36-9-11-3. Powers of Municipality
36-9-11-4. Surveys and Studies; Submission of Recommendations to Safety Board and Legislative Body
36-9-11-5. Preparation and Approval of Plans; Notice and Hearing; Appeals
36-9-11-6. Powers of Works Board; Payment of Expenses; Contracts
36-9-11-7. Rates and Charges; Adoption of Operating Rules; Employees' Bonds
36-9-11-8. Acquisition and Use of Property
36-9-11-10. Tax Liability and Exemptions
36-9-11-12. Leases; Authorization
36-9-11-13. Leases; Procedure; Approval by Legislative Body
36-9-11-14. Lease of Space and Air Rights; Deposit of Rentals
36-9-11-17. Actions by Bondholders; Appointment of Receivers
36-9-11-18. Parking Facilities; Records and Accounts When Revenue Bonds Are Issued
36-9-11-19. Deposit of Revenues From Parking Facilities
36-9-11-20. Pledge of Revenues; Authorization
36-9-11-21. Pledge of Revenues; Deposits; Irrevocability
36-9-11-22. Bond Revenues and Revenues Pledged to Pay Bonds Considered Trust Funds