Ind. Code § 36-7.6-4-11
Leases or sale of projects or land to development authorities
Indiana · Indiana Code Title 36 — Local Government · Status: effective
Cite this
- Citation
- Ind. Code § 36-7.6-4-11, Leases or sale of projects or land to development authorities, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1686587
- Permanent ID
ys:prov:1686587@1- SHA-256
2092f0be55baa042057f546fa90e5ac7cb3ecbb386415b32624f08f140397e52
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 11.
(a) An eligible political subdivision may lease for a nominal lease rental, or sell to a development authority, one (1) or more projects or parts of a project or land on which a project is located or is to be constructed.
(b) Any lease of all or a part of a project by an eligible political subdivision to a development authority must be for a term equal to the term of the lease of that project back to the eligible political subdivision.
(c) An eligible political subdivision may sell property to a development authority for the amount the eligible political subdivision determines to be in the best interest of the eligible political subdivision. The development authority may pay that amount from the proceeds of bonds of the development authority.