Indiana Code 8-15-3-31. Lease, grant, or conveyance of property by political subdivision or public agency
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Terms Used In Indiana Code 8-15-3-31
- 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
Sec. 31. Notwithstanding any other law, each county, city, town, township, and other political subdivision and public agency of the state may lease, lend, grant, or convey to the state at the request of the department, upon reasonable and fair terms and conditions, and without the necessity for an advertisement, order of court, or other formal action (other than the regular and formal action of the departments concerned), any real property for the purposes of this chapter.
As added by P.L.386-1987(ss), SEC.13.