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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

5-1.2-6-1. Recreational Facilities and Park Projects; Request; Findings; Authorization

Sec. 1. At the request of the department of natural resources, the authority may provide for recreational facilities and park projects if the general assembly, by statute: (1) finds that the state needs renovation, refurbishing, or alteration of a recreational facility or park project or the construction of a new recreational facility or park project; […]

5-1.2-6-10. Use of Park Improvement Agreements; Terms

Sec. 10. (a) The authority and the department of natural resources may enter into appropriate agreements setting forth the terms and conditions of use of park improvements and the money agreed to be paid at intervals for the use. The department of natural resources is not obligated to continue the use and make payments under […]

5-1.2-6-11. Payment of Expenses

Sec. 11. All expenses of the authority incurred in carrying out this chapter are payable solely from money provided under this chapter. As added by P.L.189-2018, SEC.25.

5-1.2-6-12. Appropriation of Bond Proceeds

Sec. 12. The proceeds of the bonds are appropriated for and shall be used solely for the payment of the cost of the park project for which the bonds have been issued. The proceeds shall be disbursed in the manner and under the restrictions, if any, that the authority provides in the resolution authorizing the […]

5-1.2-6-14. Revolving Fund

Sec. 14. (a) A special revolving fund is created to be used only for the planning of projects, including the hiring of architects, engineers, consultants, and other experts and the doing of any work preliminary to the actual construction of a project. (b) The money in the special revolving fund does not revert to the […]

5-1.2-6-15. Control of Property After Termination of Lease

Sec. 15. (a) Property leased by the authority to another entity other than the department of natural resources, at the termination of the lease or a renewal of the lease, may be leased to the same or other persons upon the terms the authority determines after following the procedure in section 6 of this chapter. […]

5-1.2-6-2. Purposes

Sec. 2. The general purposes of this chapter are the following: (1) To provide for the general health and welfare of Indiana citizens by the acquisition, construction, improvement, and operation of public recreational facilities. (2) To facilitate, support, and promote the development and use of the parks of the state. As added by P.L.189-2018, SEC.25.

5-1.2-6-3. Applicability

Sec. 3. This chapter applies only to recreational facilities and park projects and not to any other facilities or projects financed by the authority. As added by P.L.189-2018, SEC.25.

5-1.2-6-7. Public Notice and Bidding Required for Certain Contracts

Sec. 7. If the cost of a contract for construction or for the purchase of equipment, materials, or supplies involves an expenditure of more than twenty thousand dollars ($20,000), the authority shall make a written contract with the lowest and best bidder after advertisement for not less than two (2) consecutive weeks in a newspaper […]

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 […]