Indiana Code 5-1.3-1-4. Leases; authorization
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Sec. 4. This article contains full and complete authorization for leases between the IFA and:
(2) the NICTD;
(1) the NWIRDA;
Terms Used In Indiana Code 5-1.3-1-4
- 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) a unit;
(4) a political subdivision; or
(5) a governmental entity;
for a rail project. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the IFA, the NWIRDA, or the NICTD or any other officer, department, agency, or instrumentality of the state, any unit, political subdivision, or governmental entity is required to enter into any lease, except as prescribed in this article.
As added by P.L.189-2018, SEC.26.