Indiana Code 36-7-14.5-15. Legal authority for lease agreements
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Terms Used In Indiana Code 36-7-14.5-15
- authority: refers to a redevelopment authority created by this chapter. See Indiana Code 36-7-14.5-2
- board: refers to the board of directors of the authority. See Indiana Code 36-7-14.5-3
- commission: refers to a redevelopment commission established under IC 36-7-14 or a military base reuse authority established under IC 36-7-30 and located outside the boundaries of a county with a consolidated city. See Indiana Code 36-7-14.5-5
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Sec. 15. This chapter and IC 36-7-14-25.2 or IC 36-7-30-20, contain full and complete authority for leases between the authority and the commission. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board or the commission or any other officer, department, agency, or instrumentality of the state or any political subdivision is required to enter into any lease, except as prescribed in this chapter and IC 36-7-14-25.2 or IC 36-7-30-20.
As added by P.L.380-1987(ss), SEC.18. Amended by P.L.26-1995, SEC.7.