Sec. 6. The authority may lease property to the department of natural resources and others. A lease:
(1) may provide for the operation, maintenance, improvement, or renovation of the property;
(2) must contain standards for operation, quality of goods and services, and price of goods and services;
(3) need not be approved by the attorney general or the governor;
(4) may be executed by the:
(A) chair or vice chair of the authority; and
(B) public finance director; and
(5) is binding on the state after advertisement one (1) time a week for two (2) weeks in two (2) newspapers published in Indianapolis. The first publication must be at least fourteen (14) days before a public hearing by the authority, and the proposed lease must be on file in the department of natural resources during the period of publication.
As added by P.L.189-2018, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 6. Recreational Development Facilities and Park Projects
5-1.2-6-1. Recreational Facilities and Park Projects; Request; Findings; Authorization
5-1.2-6-4. Authority's Exercise of Powers an Essential Governmental Function
5-1.2-6-6. Authority May Lease Property to the Department of Natural Resources; Lease Terms
5-1.2-6-7. Public Notice and Bidding Required for Certain Contracts
5-1.2-6-10. Use of Park Improvement Agreements; Terms
5-1.2-6-11. Payment of Expenses