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Home » US Law » 2022 Indiana Code » Title 5. State and Local Administration » Article 1.2. Indiana Finance Authority » Chapter 6. Recreational Development Facilities and Park Projects » 5-1.2-6-8. Authority May Acquire Interests in Land From Department of Natural Resources; Park Project Requirements

Sec. 8. (a) The authority may acquire by:

(1) department of natural resources transfer;

(2) purchase; or

(3) lease;

for nominal or substantial consideration any interest in land, including existing facilities, adjuncts, and appurtenances, that the authority considers necessary or convenient for the acquisition, construction, improvement, or development of a park project.

(b) A park project undertaken by the authority must:

(1) comply with:

(A) the master plan for that property; or

(B) the Indiana outdoor recreation plan approved by the natural resources commission; or

(2) be specifically approved by the natural resources commission.

As added by P.L.189-2018, SEC.25.