Indiana Code 4-20.5-22-6. Requirements of lease
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Sec. 6. A lease under this chapter must provide for the following:
(2) The lessee becomes the owner of the vegetation when harvested.
(1) The lessee is responsible for planting, maintaining, and harvesting the vegetation at the lessee’s cost.
Terms Used In Indiana Code 4-20.5-22-6
- 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
- vegetation: refers to grasses or other plants that are suitable for processing into fuels or other energy products. See Indiana Code 4-20.5-22-4
(3) The harvested vegetation must be used for the production of fuels or other energy products.
(4) The lease must include limitations on the height of any vegetation that is grown.
As added by P.L.182-2009(ss), SEC.62.