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Terms Used In Indiana Code 5-23-2-5.5

  • 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. 5.5. “Develop” means to plan, design, finance, lease, acquire, install, construct, or expand under a public-private agreement.

As added by P.L.57-2022, SEC.2.