Sec. 6. The authority may acquire by purchase, whenever it considers a purchase expedient, any land, rights-of-way, property, rights, easements, or other legal or equitable interests as it considers necessary or convenient for the construction and operation of any project. A purchase under this section shall be made upon the terms and at the price agreed upon between the authority and the property owner. However, the authority shall take title to the property in the name of the state.
As added by P.L.68-1988, SEC.12.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 14.5. Lease Financing for Transportation Systems
8-14.5-3-1. Project and Transportation System Contracts
8-14.5-3-3. Cooperative Agreements
8-14.5-3-4. Payment of Transportation System Costs
8-14.5-3-5. Transfer of Property Rights
8-14.5-3-6. Acquisition of Property Rights
8-14.5-3-7. Contracts and Agreements
8-14.5-3-10. Gifts and Bequests
8-14.5-3-11. Transfer of Projects to Authority
8-14.5-3-12. Appropriation; Relocation of Appropriated Facilities
8-14.5-3-13. Necessary and Proper Acts
8-14.5-3-14. Transfers From State to Authority; Advertising and Bids