36-7.5-4-9. Plans; Approval
Sec. 9. If the lease provides for a project or improvements to a project to be constructed by the development authority, the plans and specifications shall be submitted to and approved by all agencies designated by law to pass on plans and specifications for public buildings. As added by P.L.214-2005, SEC.73.
36-7.5-4-10. Agreements; Common Wall; Easements; Licenses
Sec. 10. The development authority and an eligible political subdivision may enter into common wall (party wall) agreements or other agreements concerning easements or licenses. These agreements shall be recorded with the recorder of the county in which the project is located. As added by P.L.214-2005, SEC.73.
36-7.5-4-11. Leases or Sale of Projects or Land to Authority
Sec. 11. (a) An eligible political subdivision may lease for a nominal lease rental, or sell to the development authority, one (1) or more projects or portions of a project or land upon which a project is located or is to be constructed. (b) Any lease of all or a portion of a project by […]
36-7.5-4-12. Option to Purchase Property
Sec. 12. If an eligible political subdivision exercises its option to purchase leased property, the eligible political subdivision may issue its bonds as authorized by statute. As added by P.L.214-2005, SEC.73.
36-7.5-4-13. Tax Exemption
Sec. 13. (a) All: (1) property owned by the development authority; (2) revenues of the development authority; and (3) bonds issued by the development authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder’s cost of acquisition, proceeds received upon redemption before […]
36-7.5-4-14. Bonds; Legal Investments
Sec. 14. Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associates, credit unions, savings banks, private banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan […]
36-7.5-4-15. Bonds; Contesting Validity
Sec. 15. An action to contest the validity of bonds to be issued under this chapter may not be brought after the time limitations set forth in IC 5-1-14-13. As added by P.L.214-2005, SEC.73.
36-7.5-4-16. Transfers; Failure to Make; Duty of State Treasurer or Fiscal Officer; Deduct and Transfer Payment
Note: This version of section amended by P.L.229-2017, SEC.40. See also following version of this section amended by P.L.248-2017, SEC.8. Sec. 16. (a) This section applies if a political subdivision or city or county described in IC 36-7.5-2-3 fails to make a transfer or a part of a transfer required by section 2 of this […]
36-7.5-4-16-b. Transfers; Failure to Make; Duty of State Treasurer or Local Fiscal Officer; Deduction of Amounts Payable; Payment to Development Authority
Note: This version of section amended by P.L.248-2017, SEC.8. See also preceding version of this section amended by P.L.229-2017, SEC.40. Sec. 16. (a) This section applies if a political subdivision or city or county described in IC 36-7.5-2-3 or a county participating in a rail project under IC 36-7.5-4.5 fails to make a transfer or […]
36-7.5-4-16.5. Failure of Certain Cities or Counties to Make a Transfer; Duties of State Treasurer; Deduction of Amounts Payable to City or County; Payment to Development Authority
Sec. 16.5. (a) This section applies if the development board does the following: (1) Finds that a city or county described in IC 36-7.5-2-3 has, at any time before July 1, 2015, failed to make a transfer or a part of a transfer required by section 2 of this chapter. (2) Finds that the obligation […]