Ind. Code § 8-15.7-5-4
Additional provisions of public-private agreement
Indiana · Indiana Code Title 8 — Utilities and Transportation · Status: effective
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- Citation
- Ind. Code § 8-15.7-5-4, Additional provisions of public-private agreement, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1620184
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Full text
Sec. 4. The public-private agreement must incorporate the duties of the operator under this article and may contain the other terms and conditions that the department determines serve the public purpose of this article. The public-private agreement may contain provisions under which the department or the authority agrees to provide notice of default and cure rights for the benefit of the operator and the persons or entities described in the public-private agreement that are providing financing for the qualifying project. The public-private agreement may contain any other lawful term or condition to which the operator and the department mutually agree, including provisions regarding change orders, dispute resolution, required upgrades to the qualifying project, tolling policies, changes and modifications to the qualifying project, unavoidable delays, or provisions for a loan or grant of public funds for the development or operation, or both, of one (1) or more qualifying projects.