Sec. 4. The term of a lease under this chapter may not exceed fifty (50) years. However, the lease must provide that the municipality has an option to renew the lease for a further term on similar conditions.
[Pre-Local Government Recodification Citation: 19-2-5.5-3 part.]
As added by Acts 1981, P.L.309, SEC.97.
Structure Indiana Code
Article 9. Transportation and Public Works
Chapter 24. Leasing of Sewage Disposal Facilities
36-9-24-1. Application of Chapter
36-9-24-2. "Sewage Disposal Facilities" Defined
36-9-24-4. Maximum Duration; Options to Renew
36-9-24-7. Proposed Leases; Notice and Hearing
36-9-24-9. Limitations on Actions to Contest Leases
36-9-24-10. Determination of Sufficiency by Department of Environmental Management
36-9-24-11. Fees; Establishment; Procedure
36-9-24-12. Tax Liability and Exemptions