Indiana Code 8-22-3.6-4. Qualified lessors
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Sec. 4. Any of the following persons may lease a project to an authority under this chapter:
(2) An airport development authority established under IC 8-22-3.7.
(1) A not-for-profit corporation organized under Indiana law or admitted to do business in Indiana.
Terms Used In Indiana Code 8-22-3.6-4
- 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.
- 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
As added by P.L.108-1993, SEC.10.