Sec. 3. The NWIRDA may sell, transfer, or convey by any means any rail project to the IFA through negotiation of a lease. The NWIRDA may lease any existing rail project system or property under its control to the IFA for construction of a rail project. The rail project may be leased back to the NWIRDA.
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