Indiana Code 5-26-5-8. Priority of payment of obligations under use and occupancy agreements
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Terms Used In Indiana Code 5-26-5-8
- commission: refers to the integrated public safety commission established under IC 5-26-2-1. See Indiana Code 5-26-1-1
- Contract: A legal written agreement that becomes binding when signed.
- infrastructure fund: refers to the communications system infrastructure fund. See Indiana Code 5-26-5-3
- 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. 8. The commission shall pay its obligations under any use and occupancy agreement or any other contract or lease with the Indiana finance authority from money deposited in the infrastructure fund before making any other disbursement or expenditure of the money.
As added by P.L.123-2002, SEC.14. Amended by P.L.235-2005, SEC.92.