Sec. 2. (a) Except as provided in section 8 of this chapter and subject to section 2.5 of this chapter, the commission may contract with a person for the provision of certain minimum quantities of stream flow or for the sale of water on a unit pricing basis. A contract for the provision of minimum stream flows or for the sale of water on a unit pricing basis:

(1) must be executed by the commission; and

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Terms Used In Indiana Code 14-25-2-2

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
  • Contract: A legal written agreement that becomes binding when signed.
(2) is subject to approval by the following:

(A) The attorney general.

(B) The governor.

(C) The person desiring the use.

     (b) A contract entered into under this chapter may not cover a period of more than fifty (50) years.

     (c) Before the submission of the contract to the governor for approval, the commission shall submit a copy of the contract to the department. The department shall, within twenty (20) days of receipt, do the following:

(1) Prepare a memorandum relative to the effect that the contract might have on recreational facilities.

(2) Submit the memorandum to the governor for the governor’s consideration.

[Pre-1995 Recodification Citation: 13-2-1-7(b).]

As added by P.L.1-1995, SEC.18. Amended by P.L.231-2007, SEC.1.