Capital improvement; land; sale; lease

Ind. Code § 5-1-17.1-17
in effect
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Sec. 17. (a) The stadium 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 the stadium board to the authority must be for a term equal to the term of the lease of that capital improvement back to the stadium board. (c) The stadium board may sell property to the authority. As added by P.L.44-2026, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026

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