Indiana Code 36-9-30-26. Lease with option to purchase facilities; notice of date of execution of lease
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Terms Used In Indiana Code 36-9-30-26
- 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. 26. When the execution of a lease is authorized under section 25 of this chapter, the board shall give at least ten (10) days’ notice of the date upon which the lease will be executed. The notice shall be published one (1) time in the manner prescribed by IC 5-3-1. An action to contest the validity of the lease or to enjoin the performance of any of the terms and conditions of the lease may not be brought after the execution of the lease.
[Pre-Local Government Recodification Citation: 19-2-1-26.]
As added by Acts 1981, P.L.309, SEC.106. Amended by P.L.169-2006, SEC.81.