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Ind. Code § 5-23-6-3

Payments to parties upon termination

Indiana · Indiana Code Title 5 — State and Local Administration · Status: effective

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Ind. Code § 5-23-6-3, Payments to parties upon termination, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1609331
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Sec. 3. The public-private agreement may provide for the payment of money to either party if the public-private agreement is terminated. The payments may be used in the form of liquidated damages to compensate the operator for demonstrated unamortized costs, to retire or refinance indebtedness created to improve or construct assets owned by the governmental body, or for any other purpose mutually agreeable to the operator and the governmental body.