(a) Any of the following persons may lease facilities referred to in section 46 of this chapter to a commission:(1) A nonprofit corporation organized under Indiana law or admitted to do business in Indiana.(2) An authority established under IC 36-10-9.1.(b) Notwithstanding any other law, a redevelopment facility leased by the commission under this chapter from a lessor borrowing bond proceeds from a unit under IC 36-7-12 is an economic development facility for purposes of IC 36-7-11.9-3 and IC 36-7-12.(c) Notwithstanding IC 36-7-12-25 and IC 36-7-12-26, payments by the commission to a lessor described in subsection (b) may be made from sources set forth in section 46 of this chapter so long as the payments and the lease are structured to prevent the lease obligation from constituting debt of the unit or the district for purposes of the Constitution of the State of Indiana.As added by P.L.102-1999, SEC.14.
Indiana Legal Code