Indiana Code 36-8-15-15.2. Persons authorized to lease facilities
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Sec. 15.2. (a) Any of the following persons may lease facilities referred to in section 15.1 of this chapter to a board:
(2) An authority established under IC 36-9-13.
(1) A not-for-profit or for-profit corporation organized under Indiana law or admitted to do business in Indiana.
Terms Used In Indiana Code 36-8-15-15.2
- board: means the following:
Indiana Code 36-8-15-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
(b) Notwithstanding any other law, a lessor under this section and section 15.1 of this chapter is a qualified entity for purposes of IC 5-1.4-1-10.
As added by P.L.2-1989, SEC.53.