Indiana Code 8-15-3-15. Transfer or lease of property
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Terms Used In Indiana Code 8-15-3-15
- authority: refers to the Indiana finance authority established by Indiana Code 8-15-3-0.5
- department: refers to the Indiana department of transportation. See Indiana Code 8-15-3-2
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- tollway: includes :
Indiana Code 8-15-3-7
Sec. 15. The department may transfer to the tollway or lease, license, or otherwise transfer to the authority or the operator of a tollway any real property or interest in real property acquired by it under section 13 or 31 of this chapter, IC 8-23-7, or otherwise that is necessary, desirable, or convenient for the financing, construction, maintenance, and operation of any tollway or part of a tollway, or as otherwise required under this chapter.
As added by P.L.386-1987(ss), SEC.13. Amended by P.L.18-1990, SEC.140; P.L.47-2006, SEC.25.