State Codes and Statutes
Statutes > Indiana > Title8 > Ar15.7 > Ch13IC 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.
