Furnishing acceptable site; exterior improvements; lease term

Ind. Code § 4-13-12.1-6, under Chapter 12.1. Indiana Historical Society Building.

Ind. Code § 4-13-12.1-6

Sec. 6. (a) The department shall provide, at no cost to the society, a site acceptable to the society for the construction of the building by the society. (b) The department may, alone, with the Indiana finance authority, the Indiana White River state park development commission, or any other entity do the following in relation to the construction of the building by the society: (1) Acquire a site by purchase, lease, or other appropriate method. (2) Provide related exterior improvements for the building. (c) Notwithstanding the term limitation for a lease under IC 4-20.5-5-7, the department may enter into a lease under subsection (b) for a term of not more than ninety-nine (99) years. As added by P.L.22-1992, SEC.1. Amended by P.L.7-1993, SEC.6; P.L.235-2005, SEC.54.

IC 4-13-12.1-7 Conveyance of title to state Sec. 7. After completion of construction and negotiation of a lease under section 8 of this chapter, the society shall convey title to the building to the state. As added by P.L.22-1992, SEC.1.