Leases; Authorization

Checkout our iOS App for a better way to browser and research.

Sec. 12. A municipality may lease all or part of the property of a parking facility to others on any terms and conditions that do not adversely affect the rights of bondholders. However, a lease of real property under this section must be made in the manner prescribed by section 13 of this chapter.

[Pre-Local Government Recodification Citations: 19-5-11-11 part; 19-5-13-13 part.]

As added by Acts 1981, P.L.309, SEC.84.


Download our app to see the most-to-date content.