Sec. 5. A "__________ Airport Development Authority" (the blank to be filled in with the name of the eligible entity) may be created by an eligible entity as a separate body corporate and politic and as an instrumentality of the eligible entity to finance airport projects for lease to the authority in that eligible entity. A development authority may be created by ordinance of the legislative body of the eligible entity.
As added by P.L.108-1993, SEC.11.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 3.7. Airport Development Authority
8-22-3.7-3. "Development Authority"
8-22-3.7-4. "Development Board"
8-22-3.7-4.5. "Eligible Entity"
8-22-3.7-5. Creation of Authority
8-22-3.7-6. Development Board; Membership; Term; Removal; Oath
8-22-3.7-9. Purposes of Authority
8-22-3.7-10. Authorized Activities of Authority; Dissolution
8-22-3.7-11. Refund of Bonds; Lease Back
8-22-3.7-12. Reasonableness of Leases; Leases of Airport Projects From Development Authority
8-22-3.7-13. Authority for Leases Between Development Authority and Authority
8-22-3.7-14. Leases; Authority Approval of Plans and Specifications of Project
8-22-3.7-15. Party Walls; Easements; Licenses
8-22-3.7-16. Sales or Leases of Projects to Development Authority
8-22-3.7-18. Law Governing Issuance; Bonds as Legal Investment
8-22-3.7-19. Trust Indentures Securing Bonds
8-22-3.7-20. Bonds Issued Upon Exercise of Option to Purchase
8-22-3.7-21. Exemptions From Taxation
8-22-3.7-22. Actions to Contest Validity of Bonds; Conditions
8-22-3.7-23. Impairment of Bondholder Rights