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§ 36-1-10-5 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 36 - Local Government/
  5. Article 1 - General Provisions/
  6. Chapter 10 - Leasing and Lease-purchasing Structures36-1-10-1. Application of Chapter/
  7. § 36-1-10-5
Indiana Legal Code

§ 36-1-10-5

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Notwithstanding sections 6, 12, 16, and 17 of this chapter, the following procedure shall be followed whenever a lease does not contain an option to purchase:(1) The lease must provide that the lease is subject to annual appropriation by the appropriate fiscal body.(2) The leasing agent must have a copy of the lease filed and kept in a place available for public inspection.A leasing agent may lease part of a structure.[Local Government Recodification Citation: New.]As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.131-1984, SEC.4; P.L.330-1985, SEC.1; P.L.90-2002, SEC.462; P.L.174-2022, SEC.68.