Sec. 18. If the authority retains an interest in the economic development project, the financing agreement must require the user or the developer to pay all costs of maintenance, repair, taxes, assessments, insurance premiums, trustee's fees, and any other expenses relating to the economic development project, so that the authority will not incur any expenses on account of the economic development project other than those that are covered by the payments provided for in the financing agreement.
As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.19.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 9. Economic Development Projects
5-1.2-9-1. Purposes of This Chapter
5-1.2-9-3. Public Offering for Sale or Lease of Property
5-1.2-9-4. Public Offering; Requirements; Offering Sheet
5-1.2-9-7. Award to Highest and Best Bidder; Factors That May Be Considered; Rejection
5-1.2-9-8. Cost Benefit Analyses
5-1.2-9-9. Contracts With a Bidder; Provisions
5-1.2-9-10. Sale, Exchange, or Lease of Property; Terms; Time Period
5-1.2-9-11. Action to Contest Validity
5-1.2-9-12. Negotiation of Financing Agreements; Considerations; Expenses
5-1.2-9-13. Report for Proposed Economic Development Project; Plan Commission; School Superintendent
5-1.2-9-15. Approval of Proposed Financing Agreement
5-1.2-9-16. Financing Agreement; Payment Provisions
5-1.2-9-17. Financing Agreement; Limit on Term of an Agreement
5-1.2-9-19. Financing of Projects for Developers or Users Through Issuance of Bonds
5-1.2-9-20. Requirements That Must Be Complied With Before Entering Into a Financing Agreement
5-1.2-9-21. Bonds Not General Obligation of the State
5-1.2-9-22. Taxable Bonds; Payment Provisions
5-1.2-9-23. Power to Engage in Financing Activities; Purchase of a Loan
5-1.2-9-24. Lender Certifications
5-1.2-9-25. Guarantees; Secured Loans; Reservation of Funds
5-1.2-9-26. Power to Issue Bonds; Cumulative Term of Refunding Bonds
5-1.2-9-27. Property Not Public Property; Not Exempt From Taxation