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Ind. Code § 4-13-12.1-8

Lease with society; term; rental; state activities or functions

As added by P.L.22-1992, SEC.1

Sec. 8. (a) The department may enter into a lease with the society for the society's use of any part of the building, exterior improvements, and surrounding site.

(b) Notwithstanding the term limitation for a lease under IC 4-13-1-4(10), the department may enter into a lease under subsection (a) for a term of not more than ninety-nine (99) years.

(c) Rent under a lease entered into under this section is one dollar ($1) each year, payable in advance.

(d) A lease entered into under this section may permit the building to house state activities or functions.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.