Sec. 9. The development authority is organized for the following purposes:
(1) Financing, constructing, and leasing airport projects to the authority.
(2) Financing and constructing additional improvements to airport projects owned by the development authority and leasing them to the authority.
(3) Acquiring all or a portion of one (1) or more airport projects from the authority by purchase or lease and leasing these airport projects back to the authority, with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more airport projects from the authority by purchase or lease to fund or refund indebtedness incurred on account of those airport projects to enable the authority to make a savings in debt service obligations or lease rental obligations or to obtain relief from covenants that the authority considers to be unduly burdensome.
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