Sec. 17. (a) A capital improvement board may lease for a nominal lease rental, or sell to the authority, one (1) or more capital improvements or portions thereof or land upon which a capital improvement is located or is to be constructed.
(b) Any lease of all or a portion of a capital improvement by a capital improvement board to the authority must be for a term equal to the term of the lease of that capital improvement back to the capital improvement board.
(c) A capital improvement board may sell property to the authority.
As added by P.L.214-2005, SEC.6.
Structure Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations
Chapter 17. Indiana Stadium and Convention Building Authority
5-1-17-0.3. General Assembly Findings
5-1-17-4. "Capital Improvement Board"
5-1-17-8. Meetings; Officers; Quorum
5-1-17-9. Bylaws; Rules; Code of Ethics
5-1-17-9.5. Personal Liability of Members or Employees
5-1-17-12. Bonds; Refunding; Leases; Property
5-1-17-13. Lease; Findings; Term; Conditions
5-1-17-15. Capital Improvement Plans and Specifications; Approval
5-1-17-16. Agreements; Common Wall; Easements; Licenses
5-1-17-17. Capital Improvement; Land; Sale; Lease
5-1-17-18.3. Prohibition on Certain Contract Limitations for a Project
5-1-17-18.5. Negotiating With a Single Bidder for a Project
5-1-17-19. Bonds; Complete Authority
5-1-17-20. Bonds; Legal Investments
5-1-17-22. Bond Issue for Leased Property Purchase
5-1-17-24. Bonds; Contesting Validity
5-1-17-25. Bonds; Maximum Amount; Conditions
5-1-17-26. Leases Between Authority and State Agency
5-1-17-27. Real Property Conveyance Without Bid or Advertisement
5-1-17-28. Lease Payments From Taxes; Budget Director Designee