Sec. 28. If the authority enters into a lease with a capital improvement board under section 13 of this chapter or a state agency under section 26 of this chapter, which then enters into a sublease with a capital improvement board under section 26(b) of this chapter, and the rental payments owed by the capital improvement board to the authority under the lease or to the state agency under the sublease are payable from the taxes described in section 25 of this chapter or from the taxes authorized under IC 6-9-35, the budget director may choose the designee of the capital improvement board, which shall receive and deposit the revenues derived from such taxes. The designee shall hold the revenues on behalf of the capital improvement board pursuant to an agreement between the authority and the capital improvement board or between a state agency and the capital improvement board. The agreement shall provide for the application of the revenues in a manner that does not adversely affect the validity of the lease or the sublease, as applicable.
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