CHAPTER 13. TERM OF AGREEMENT; REVERSION OF PROPERTY TO STATE

IC 8-15.7-13
    Chapter 13. Term of Agreement; Reversion of Property to State

IC 8-15.7-13-1
Maximum term of public-private agreement
    Sec. 1. The term of a public-private agreement, including allextensions, may not exceed seventy-five (75) years. For purposes ofmeasuring the term, the term begins on the date on which operationsof a part of the qualifying project by the operator commences.
As added by P.L.47-2006, SEC.40.

IC 8-15.7-13-2
Termination date
    Sec. 2. The department shall terminate the operator's authority andduties under the public-private agreement on the date set forth in thepublic-private agreement.
As added by P.L.47-2006, SEC.40.

IC 8-15.7-13-3
Reversion of qualifying project to department
    Sec. 3. Upon termination of the public-private agreement, theauthority and duties of the operator under this article cease, exceptfor any duties and obligations that extend beyond the termination asset forth in the public-private agreement, and the qualifying projectreverts to the department and shall be dedicated to the department forpublic use.
As added by P.L.47-2006, SEC.40.