Effective 7-1-2027.
Sec. 14. (a) The Indiana economic development corporation shall conduct a study on the feasibility of constructing, equipping, purchasing, leasing, renovating, refurbishing, or altering the Learning and Training Center located in Boone County.
(b) The authority may, after receiving the feasibility study required in subsection (a), undertake and complete a project for the construction, equipping, purchasing, leasing, renovation, refurbishing, or alteration of the Learning and Training Center located in Boone County, including, subject to subsection (c), the borrowing of money or the issuance and sale of bonds, or both.
(c) Before borrowing money or issuing bonds, the authority shall review the feasibility plan and cost estimate for the project and present the authority's findings to the budget committee.
(d) This section may not be construed to authorize any additional construction or issuance of additional bonds or other evidence of indebtedness other than that described in subsection (b).
(e) The authority may enter into a public-private agreement for the project.