Sec. 1. The commission holds title to property in the commission's name.
[Pre-2008 Recodification Citation: 15-1.5-6-1.]
As added by P.L.2-2008, SEC.4.
Sec. 2. (a) The commission holds the fairgrounds in trust for the state.
(b) The commission may not dispose of any part of the fairgrounds except as authorized by a statute specifically providing for disposal of that part of the fairgrounds.
[Pre-2008 Recodification Citation: 15-1.5-6-2.]
As added by P.L.2-2008, SEC.4.
Sec. 3. The commission may not dispose of real property owned by the commission not covered under section 2 of this chapter without the consent of the governor.
[Pre-2008 Recodification Citation: 15-1.5-6-3.]
As added by P.L.2-2008, SEC.4.
Sec. 4. The fairgrounds and property of the commission are exempt from the following:
(1) State taxes.
(2) Local taxes.
(3) License fees.
(4) Special assessments.
[Pre-2008 Recodification Citation: 15-1.5-6-4.]
As added by P.L.2-2008, SEC.4.
Sec. 5. The following may not take an interest in the fairgrounds or property owned by the commission without the consent of the commission:
(1) A political subdivision.
(2) A utility.
[Pre-2008 Recodification Citation: 15-1.5-6-5.]
As added by P.L.2-2008, SEC.4.