Sec. 4. The department may sell, transfer, or convey by any means any transportation system to the authority through negotiation of a lease. The department may lease any existing transportation system or property under its control to the authority for construction of a project, which project may be leased to the department.
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
Chapter 5. Leases With the Department
8-14.5-5-1. Authority and Department Powers
8-14.5-5-2. Mandatory Lease Provisions
8-14.5-5-3. Mandatory Lease Provisions
8-14.5-5-4. Sale or Conveyance of Transportation System
8-14.5-5-5. Payment From Revenues; Lease Rentals; Grant Anticipation Revenue Bonds