Indiana Code 8-25-4-4. Fiscal body authorization to carry out a public transportation project through a public-private partnership
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Terms Used In Indiana Code 8-25-4-4
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 4. The fiscal body of an eligible county may adopt an ordinance authorizing the executive of the county to enter into one (1) or more public-private partnership contracts under which a public transportation project is carried out, in whole or in part, by one (1) or more nongovernmental entities.
As added by P.L.153-2014, SEC.17.