Ind. Code § 8-10-5-8.9
Royalty contracts
Indiana · Indiana Code Title 8 — Utilities and Transportation · Status: effective
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- Citation
- Ind. Code § 8-10-5-8.9, Royalty contracts, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1619643
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Full text
Sec. 8.9. With the approval of the governing body creating it, a port authority may sell, lease, or enter into a royalty contract for the natural or mineral resources of land that it owns. Money received from these sources shall be deposited in the nonreverting capital fund of the port authority.