Ind. Code § 5-1-17.1-10
This is the official text of Ind. Code § 5-1-17.1-10, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Purpose
Official statutory text
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 the stadium board.
(2) Financing and constructing additional improvements to capital improvements owned by the authority and leasing them to or for the benefit of the stadium board.
(3) Acquiring land or all or a portion of one (1) or more capital improvements from the stadium board by purchase or lease and leasing the land or these capital improvements back to the stadium board, with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more capital improvements from the stadium board by purchase or lease to fund or refund indebtedness incurred on account of those capital improvements to enable the stadium board to make a savings in debt service obligations or lease rental obligations or to obtain relief from covenants that the stadium board considers to be unduly burdensome.
As added by P.L.44-2026, SEC.1.
(1) Acquiring, financing, constructing, and leasing land and capital improvements to or for the benefit of the stadium board.
(2) Financing and constructing additional improvements to capital improvements owned by the authority and leasing them to or for the benefit of the stadium board.
(3) Acquiring land or all or a portion of one (1) or more capital improvements from the stadium board by purchase or lease and leasing the land or these capital improvements back to the stadium board, with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more capital improvements from the stadium board by purchase or lease to fund or refund indebtedness incurred on account of those capital improvements to enable the stadium board to make a savings in debt service obligations or lease rental obligations or to obtain relief from covenants that the stadium board considers to be unduly burdensome.
As added by P.L.44-2026, SEC.1.
Status: in_force · Read it on the official government site
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