Indiana Code 36-7-40-9. Leases or contracted agreements
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Terms Used In Indiana Code 36-7-40-9
- board: refers to an economic enhancement district board established under section 5 of this chapter. See Indiana Code 36-7-40-2
- 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
Sec. 9. The board may enter into lease or contractual agreements, or both, with governmental, not-for-profit, or other private entities for the purpose of carrying out economic enhancement projects. The term of any lease or contractual agreement may not exceed the expiration date of the economic enhancement district ordinance under section 4 of this chapter.
As added by P.L.201-2023, SEC.279. Amended by P.L.9-2024, SEC.556; P.L.169-2024, SEC.5.