Sec. 0.3. The general assembly finds the following: (1) Marion, Boone, Johnson, Hamilton, Hancock, Hendricks, Morgan, and Shelby counties, and certain municipalities located in those counties, face unique and distinct challenges and opportunities related to the economic development issues associated with the construction and maintenance of a world-class convention center and stadium facility in Indianapolis. […]
Sec. 1. As used in this chapter, “authority” refers to the Indiana stadium and convention building authority created by this chapter. As added by P.L.214-2005, SEC.6.
Sec. 10. The authority is organized for the following purposes: (1) Acquiring, financing, constructing, and leasing land and capital improvements to or for the benefit of a capital improvement board. (2) Financing and constructing additional improvements to capital improvements owned by the authority and leasing them to or for the benefit of a capital improvement […]
Sec. 11. (a) The authority may also: (1) finance, improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip land and capital improvements; (2) lease the land or those capital improvements to a capital improvement board; (3) sue, be sued, plead, and be impleaded; (4) condemn, appropriate, lease, rent, purchase, and hold any real or personal […]
Sec. 12. (a) Bonds issued under IC 36-10-8 or IC 36-10-9 or prior law may be refunded as provided in this section. (b) A capital improvement board may: (1) lease all or a portion of land or a capital improvement or improvements to the authority, which may be at a nominal lease rental with a […]
Sec. 13. (a) Before a lease may be entered into by a capital improvement board under this chapter, the capital improvement board must find that the lease rental provided for is fair and reasonable. (b) A lease or sublease of land or capital improvements from the authority, or from a state agency under section 26 […]
Sec. 14. This chapter contains full and complete authority for leases between the authority and a capital improvement board. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board or the capital improvement board or any other officer, department, agency, or instrumentality of the state or any political subdivision is required […]
Sec. 15. If the lease provides for a capital improvement or improvements thereto to be constructed by the 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.6.
Sec. 16. The authority and a capital improvement board 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 capital improvement is located. As added by P.L.214-2005, SEC.6.
Sec. 17. (a) A capital improvement board may lease for a nominal lease rental, or sell to the authority, one (1) or more capital improvements or portions thereof or land upon which a capital improvement is located or is to be constructed. (b) Any lease of all or a portion of a capital improvement by […]
Sec. 18. (a) Subject to subsection (h), the authority may issue bonds for the purpose of obtaining money to pay the cost of: (1) acquiring real or personal property, including existing capital improvements; (2) constructing, improving, reconstructing, or renovating one (1) or more capital improvements; or (3) funding or refunding bonds issued under IC 36-10-8 […]
Sec. 18.3. (a) The following definitions apply throughout this section: (1) “Contract” includes a lease or other agreement. (2) “Contract limitation” refers to a bid specification, project agreement, lease provision, or other contract document that does any of the following: (A) Requires a bidder, offeror, or contractor in any contractor tier to enter into or […]
Sec. 18.5. (a) This section applies to bids received with respect to a capital improvement under this chapter: (1) that is constructed by, for, or on behalf of the authority; and (2) for which only one (1) bid was received from a responsible bidder. (b) The board may attempt to negotiate a more advantageous proposal […]
Sec. 19. This chapter contains full and complete authority for the issuance of bonds. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board or any other officer, department, agency, or instrumentality of the state or of any political subdivision is required to issue any bonds, except as prescribed in this […]
Sec. 2. As used in this chapter, “board” refers to the board of directors of the authority. As added by P.L.214-2005, SEC.6.
Sec. 20. Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty […]
Sec. 21. (a) The authority may secure bonds issued under this chapter by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers. (b) The trust indenture may: (1) pledge or assign lease rentals, receipts, and income from […]
Sec. 22. If a capital improvement board exercises its option to purchase leased property, it may issue its bonds as authorized by statute. As added by P.L.214-2005, SEC.6.
Sec. 23. All: (1) property owned by the authority; (2) revenues of the authority; and (3) bonds issued by the 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 maturity, proceeds received at […]
Sec. 24. Any action to contest the validity of bonds to be issued under this chapter may not be brought after the fifteenth day following: (1) the receipt of bids for the bonds, if the bonds are sold at public sale; or (2) the publication one (1) time in a newspaper of general circulation published […]
