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 all
extensions, may not exceed seventy-five (75) years. For purposes of
measuring the term, the term begins on the date on which operations
of 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 and
duties under the public-private agreement on the date set forth in the
public-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, the
authority and duties of the operator under this article cease, except
for any duties and obligations that extend beyond the termination as
set forth in the public-private agreement, and the qualifying project
reverts to the department and shall be dedicated to the department for
public use.

As added by P.L.47-2006, SEC.40.