Indiana Code 14-27-7.7-2. Lease requirements
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Sec. 2. A lease executed under this chapter must meet the following requirements:
(2) It must enhance the recreation and fishing potential of the Williams Dam Fishing Area.
(1) It must be for the development of hydroelectric power at the Williams Dam Fishing Area.
Terms Used In Indiana Code 14-27-7.7-2
- 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
(3) The initial term of the lease may not exceed forty (40) years.
As added by P.L.16-2009, SEC.23.