Indiana Code 5-1-17.5-15. Commission established; purpose
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Terms Used In Indiana Code 5-1-17.5-15
- commission: refers to the Indiana motorsports commission created by this chapter. See Indiana Code 5-1-17.5-9
- 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
- motorsports investment district: means the geographic area established as a motorsports investment district under this chapter. See Indiana Code 5-1-17.5-11
- qualified motorsports facility: means a facility that:
Indiana Code 5-1-17.5-14
Sec. 15. The Indiana motorsports commission is created in Indiana as a separate body corporate and politic, as an instrumentality of the state, to finance and lease real and personal property improvements for the benefit of an owner of a qualified motorsports facility within a motorsports investment district.
As added by P.L.233-2013, SEC.5.