Indiana Code 36-9-24-6. Optional provisions of leases; payment of taxes, assessments, insurance, and maintenance expenses
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Sec. 6. (a) A lease under this chapter may provide that:
(A) pay all property taxes and assessments levied against or on account of the facilities; and
(1) as part of the lease rental for the facilities, the municipality shall agree to:
Terms Used In Indiana Code 36-9-24-6
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) maintain insurance on the facilities for the benefit of the lessor; and
(2) the municipality shall assume all responsibilities for the operation, maintenance, repair, alteration, and extension of the facilities.
(b) However, the lease rental and the expenses incurred under this chapter are payable solely from the revenues derived from sewage and sewer fees to be collected by the municipality from property and users in the area served by the facilities.
[Pre-Local Government Recodification Citation: 19-2-5.5-4.]
As added by Acts 1981, P.L.309, SEC.97. Amended by P.L.186-1988, SEC.3.