Title 8, TITLE 8. UTILITIES AND TRANSPORTATION
337 chapters · 3,744 sections in this title.
Ind. Code § 8-22-3.7-1 "Airport project"
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Sec. 1. As used in this chapter, "airport project" has the meaning set forth in IC 8-22-3.6-2. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-10 Authorized activities of authority; dissolution
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Sec. 10. (a) The development authority may also: (1) finance, improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip airport projects; (2) lease those airport projects to the authority; (3) sue, be sued, plead, and be impleaded, but all actions against the…
Ind. Code § 8-22-3.7-11 Refund of bonds; lease back
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Sec. 11. (a) Bonds issued under IC 8-22-3 may be refunded as provided in this section. (b) The authority may lease all or a portion of an airport project to the development authority, which may be at a nominal lease rental with a lease back to the authority, conditioned upon the …
Ind. Code § 8-22-3.7-12 Reasonableness of leases; leases of airport projects from
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development authority Sec. 12. (a) Before a lease may be entered into, the authority must find that the lease rental provided for is fair and reasonable. (b) A lease of an airport project from the development authority to the authority: (1) must comply with IC 8-22-3.6; (2) may n…
Ind. Code § 8-22-3.7-13 Authority for leases between development authority and
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authority Sec. 13. This chapter and IC 8-22-3.6 contain full and complete authority for leases between the development authority and the authority. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board, authority or the eligible …
Ind. Code § 8-22-3.7-14 Leases; authority approval of plans and specifications of
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project Sec. 14. If the lease provides for an airport project or improvements to an airport project to be constructed by the development authority, the plans and specifications shall be submitted to and approved by the authority. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-15 Party walls; easements; licenses
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Sec. 15. The development authority and the authority may enter into common wall (party wall) agreements or other agreements concerning easements or licenses. These agreements shall be recorded with the recorder of the county. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-16 Sales or leases of projects to development authority
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Sec. 16. (a) The authority may lease for a nominal lease rental or sell to the development authority one (1) or more airport projects or portions of airport projects or land upon which an airport project is located or is to be constructed. (b) Any lease of all or a portion of an …
Ind. Code § 8-22-3.7-17 Bond issues
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Sec. 17. (a) The development authority may issue bonds for the purpose of obtaining money to pay the cost of: (1) acquiring property; (2) constructing, improving, reconstructing, or renovating one (1) or more airport projects; or (3) funding or refunding bonds issued under this c…
Ind. Code § 8-22-3.7-18 Law governing issuance; bonds as legal investment
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Sec. 18. (a) This chapter contains full and complete authority for the issuance of bonds. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board of any other officer, department, agency, or instrumentality of the state or of any p…
Ind. Code § 8-22-3.7-19 Trust indentures securing bonds
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Sec. 19. (a) The development authority may secure bonds issued under this chapter by a trust indenture between the development authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers. (b) The trust indenture…
Ind. Code § 8-22-3.7-2 "Bonds"
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Sec. 2. As used in this chapter, "bonds" means bonds, notes, or other evidences of indebtedness issued by the development authority. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-20 Bonds issued upon exercise of option to purchase
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Sec. 20. If the authority exercises its option to purchase leased property, it may issue its bonds authorized by statute. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-21 Exemptions from taxation
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Sec. 21. (a) All: (1) property owned by the development authority; (2) revenues of the development authority; and (3) bonds issued by the development authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost …
Ind. Code § 8-22-3.7-22 Actions to contest validity of bonds; conditions
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Sec. 22. Any action to contest the validity of bonds to be issued under this chapter may not be brought after: (1) fifteen (15) days following the receipt of bids for the bonds, if the bonds are sold at public sale; or (2) the time limitations set forth in IC 5-1-14-13. As added …
Ind. Code § 8-22-3.7-23 Impairment of bondholder rights
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Sec. 23. The general assembly covenants that it will not: (1) repeal or amend this chapter, IC 8-22-3.5, or IC 8-22-3.6 in a manner that would adversely affect owners of outstanding bonds, or payment of any lease rentals, secured by the revenues pledged under this chapter, IC 8-2…
Ind. Code § 8-22-3.7-24 Financing powers as public purpose
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Sec. 24. This provision of alternative financing power to eligible entities, development authorities, and authorities in order to finance airport projects is a public purpose. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-25 Supplemental nature of chapter
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Sec. 25. This chapter is supplemental to other statutes and does not supersede any other provisions of the Indiana Code. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-3 "Development authority"
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Sec. 3. As used in this chapter, "development authority" refers to an airport development authority created by this chapter. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-4 "Development board"
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Sec. 4. As used in this chapter, "development board" refers to the board of directors of a development authority. As added by P.L.108-1993, SEC.11.
Ind. Code § 8-22-3.7-4.5 "Eligible entity"
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Sec. 4.5. Notwithstanding IC 8-22-1-6, as used in this chapter, "eligible entity" means the following: (1) A city having a population of more than sixty-nine thousand (69,000) and less than sixty-nine thousand five hundred (69,500). (2) A county having a population of more than o…
Ind. Code § 8-22-3.7-5 Creation of authority
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Sec. 5. A "__________ Airport Development Authority" (the blank to be filled in with the name of the eligible entity) may be created by an eligible entity as a separate body corporate and politic and as an instrumentality of the eligible entity to finance airport projects for lea…
Ind. Code § 8-22-3.7-6 Development board; membership; term; removal; oath
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Sec. 6. (a) The development board is composed of three (3) members, who must be residents of the eligible entity. The members of a development board for a development authority established by an eligible entity described in section 4.5(1) of this chapter are appointed by the exec…
Ind. Code § 8-22-3.7-7 Meetings; quorum
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Sec. 7. (a) Immediately after January 15 of each year, the development board shall hold an organizational meeting. It shall elect one (1) of the members of the development board president, another vice president, and another secretary-treasurer to perform the duties of those offi…
Ind. Code § 8-22-3.7-9 Purposes of authority
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Sec. 9. The development authority is organized for the following purposes: (1) Financing, constructing, and leasing airport projects to the authority. (2) Financing and constructing additional improvements to airport projects owned by the development authority and leasing them to…