Indiana Code 1-1-16-10.2. Prohibited purchase, lease, or acquisition within a ten mile radius of a military installation
(1) a lease for residential property (as defined in IC 6-1.1-20.6-4) or a dwelling unit (as defined in IC 32-31-5-3);
Terms Used In Indiana Code 1-1-16-10.2
- critical infrastructure: means any part of:
Indiana Code 1-1-16-3
- 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
- military installation: means :
Indiana Code 1-1-16-5
- prohibited person: means either of the following:
Indiana Code 1-1-16-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) the purchase, lease, or acquisition of real property by an individual who is a lawful permanent resident of the United States.
(b) After June 30, 2024, a prohibited person may not purchase, lease, or acquire a parcel of real property that is:
(1) located in Indiana; and
(2) located within a ten (10) mile radius of a military installation.
(c) A purchase, lease, or acquisition of a parcel of real property in violation of subsection (b) is subject to divestiture pursuant to section 11 of this chapter.
(d) No title to real property shall be invalid or subject to divestiture by reason of the violation of this section by any former owner or other individual or entity holding or owning a former interest in the real property.
As added by P.L.168-2024, SEC.1.