Sec. 1. (a) In addition to its other powers, the IFA may enter into a lease or leases with the NWIRDA under this chapter for any or all of the purposes set forth in this article.
(b) The IFA and the NWIRDA have all the powers necessary and incidental to carry out the terms and conditions of leases under this chapter.
(c) If the IFA and the NWIRDA decide to enter into a lease under this chapter, the IFA and the NWIRDA may enter into a separate lease for each rail project or may enter into one (1) or more master leases for several rail projects.
As added by P.L.189-2018, SEC.26.
Structure Indiana Code
Title 5. State and Local Administration
5-1.3-5-1. Authorization to Enter Into Leases
5-1.3-5-3. Transfers, Leases, and Leasebacks
5-1.3-5-4. Payment of Lease Rentals and Securing Bonds
5-1.3-5-7. Additional Authorization
5-1.3-5-8. Financing Upon Termination of Lease
5-1.3-5-9. Ground, Operating, and Maintenance Leases
5-1.3-5-10. Transfer of Rail Project Upon Payment of Obligation in Full