Indiana Code 4-20.5-22-7. Provisions of lease

Sec. 7. A lease under this chapter may provide for the following:

(1) Any term of the lease that the agency considers best to implement the intent of this chapter, but not for more than four (4) years.

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agency: has the meaning set forth in Indiana Code 4-20.5-22-3
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}

(2) For the lease of parcels of sizes that the agency considers the best to implement the intent of this chapter.

(3) Any other provisions that the agency considers useful to implement the intent of this chapter.

As added by P.L.182-2009(ss), SEC.62.