Indiana Code 4-12-14-5. Sublease authorized; review by budget committee; approval by commissioner of the Indiana department of administration
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Terms Used In Indiana Code 4-12-14-5
- Columbus Learning Center: refers to a multipurpose educational facility to be located in Columbus, Indiana, and leased by the board of aviation commissioners of the city of Columbus, Indiana, to Columbus Learning Center Management Corporation. See Indiana Code 4-12-14-1
- 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.
- sublease: refers to an agreement between the budget agency and Columbus Learning Center Management Corporation to lease space in the Columbus Learning Center for use by the participating entities. See Indiana Code 4-12-14-4
Sec. 5. Subject to section 6 of this chapter, the budget agency may enter into a sublease with the Columbus Learning Center Management Corporation, its authorized successor, or its authorized assigns for the use and occupancy of part or all of the Columbus Learning Center. The budget agency may enter into the sublease after review by the budget committee and approval by the commissioner of the Indiana department of administration.
As added by P.L.220-2011, SEC.27.