Indiana Code 14-18-3-4. Initial draft of proposed lease and contract; notice of hearing
(1) Draft and distribute copies of the following to the hotel and motel industry:
Terms Used In Indiana Code 14-18-3-4
- Contract: A legal written agreement that becomes binding when signed.
- 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
(B) A notice of the time and place that the department will hold a public hearing to consider the terms and conditions of the proposed lease and contract.
(2) Submit a copy of the proposed lease to the office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020).
(b) The office of tourism development (before July 1, 2020) or the Indiana destination development corporation (after June 30, 2020) shall submit an evaluation and recommendations for amendments for consideration before the public hearing.
[Pre-1995 Recodification Citation: 14-3-9-4.]
As added by P.L.1-1995, SEC.11. Amended by P.L.229-2005, SEC.14; P.L.78-2019, SEC.17.