reglab/housing_qa huggingface dataset:
IN Code § 5-1.2-6-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-5. Authority May Acquire Sites; Make Improvements; Enter Into Use Agreements; Department of Natural Resources; Approval Required

Sec. 5. (a) The authority may acquire sites or improvements from the department of natural resources.(b) The authority may make improvements and enter into agreements for use with the department of natural resources. The agreements:(1) do not need to be approved by the attorney general; and(2) must be approved by the:(A) budget agency, after consulting with the budget committee; and(B) governor;before the department of natural resources may execute the agreement.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-6. Authority May Lease Property to the Department of Natural Resources; Lease Terms

Sec. 6. The authority may lease property to the department of natural resources and others. A lease:(1) may provide for the operation, maintenance, improvement, or renovation of the property;(2) must contain standards for operation, quality of goods and services, and price of goods and services;(3) need not be approved by the attorney general or the governor;(4) may be executed by the:(A) chair or vice chair of the authority; and(B) public finance director; and(5) is binding on the state after advertisement one (1) time a week for two (2) weeks in two (2) newspapers published in Indianapolis. The first publication must be at least fourteen (14) days before a public hearing by the authority, and the proposed lease must be on file in the department of natural resources during the period of publication.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-7. Public Notice and Bidding Required for Certain Contracts

Sec. 7. If the cost of a contract for construction or for the purchase of equipment, materials, or supplies involves an expenditure of more than twenty thousand dollars ($20,000), the authority shall make a written contract with the lowest and best bidder after advertisement for not less than two (2) consecutive weeks in a newspaper of general circulation in Marion County, Indiana, and in other publications if the authority determines appropriate. The notice must state the general character of the work and the general character of the materials to be furnished, the place where the plans and specifications may be examined, and the time and place for receiving bids. Each bid must contain the full name of every person or company interested in the bid and must be accompanied by a sufficient bond or certified check on a solvent bank so that if the bid is accepted, a contract will be entered into and the performance of the bidder's proposal secured. The authority may reject any and all bids. A bond with good and sufficient surety approved by the authority is required of all contractors in an amount equal to at least fifty percent (50%) of the contract price conditioned upon the faithful performance of the contract.As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.16.
IN Code § 5-1.2-6-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-8. Authority May Acquire Interests in Land From Department of Natural Resources; Park Project Requirements

Sec. 8. (a) The authority may acquire by:(1) department of natural resources transfer;(2) purchase; or(3) lease;for nominal or substantial consideration any interest in land, including existing facilities, adjuncts, and appurtenances, that the authority considers necessary or convenient for the acquisition, construction, improvement, or development of a park project.(b) A park project undertaken by the authority must:(1) comply with:(A) the master plan for that property; or(B) the Indiana outdoor recreation plan approved by the natural resources commission; or(2) be specifically approved by the natural resources commission.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-9. Authority May Acquire Interest in Land by Appropriation; Eminent Domain; Operation of Park Project

Sec. 9. The authority may acquire by appropriation, under Indiana eminent domain law, any interest in land necessary or proper for the construction or the efficient operation of a park project except land used for parks or park facilities owned by the state or a political subdivision of the state. Title to the property shall be taken in the name of the state for the use of the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-10. Use of Park Improvement Agreements; Terms

Sec. 10. (a) The authority and the department of natural resources may enter into appropriate agreements setting forth the terms and conditions of use of park improvements and the money agreed to be paid at intervals for the use. The department of natural resources is not obligated to continue the use and make payments under the agreement but shall vacate the improvements if it is shown that:(1) the terms and conditions of the use and occupancy; and(2) the amount to be paid;are unjust and unreasonable considering the value of the improvements.(b) In determining just and reasonable amounts to be paid for the use of improvements, the authority shall impose and collect money that in the aggregate will be sufficient to pay the expenses of operation, maintenance, and repair of the improvements to the extent that the expenses are not otherwise provided and leave a balance of net income of revenues from the improvements to pay the interest on the bonds as the interest is due and accomplish retirement of the bonds at or before maturity. If the department of natural resources has made all payments provided in the agreements, the use of improvements covered by the agreements and the sites of the improvements revert to the department of natural resources at the end of the terms of the agreement.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-11. Payment of Expenses

Sec. 11. All expenses of the authority incurred in carrying out this chapter are payable solely from money provided under this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-12. Appropriation of Bond Proceeds

Sec. 12. The proceeds of the bonds are appropriated for and shall be used solely for the payment of the cost of the park project for which the bonds have been issued. The proceeds shall be disbursed in the manner and under the restrictions, if any, that the authority provides in the resolution authorizing the issuance of the bonds or in the trust agreement securing the bonds.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-13. Surcharge on Admissions Fees; Commission Rentals; Boat Registrations; Launching Fees; and Mooring Fees

Sec. 13. (a) The natural resources commission may levy a surcharge not exceeding ten percent (10%), as established by the commission, on any of the following:(1) Admission fees.(2) Commission rentals.(3) Boat registrations.(4) Launching fees.(5) Mooring fees.(b) The receipts from a surcharge shall be deposited in a special fund to be used only to pay rent to the authority and for maintenance of facilities covered by use agreements with the authority as provided in a use agreement entered into between the department of natural resources and the authority. The special fund may be spent for that purpose without appropriation.(c) During the life of a use agreement, a surcharge that has been imposed may not be rescinded or reduced so that the amount in the special fund and the receipts for one (1) year are less than one and two-tenths (1.2) times the anticipated rental payment and maintenance expense of facilities covered by a use agreement.(d) The money in the special fund does not revert to the state general fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-14. Revolving Fund

Sec. 14. (a) A special revolving fund is created to be used only for the planning of projects, including the hiring of architects, engineers, consultants, and other experts and the doing of any work preliminary to the actual construction of a project.(b) The money in the special revolving fund does not revert to the state general fund.(c) The amount of money in the special revolving fund may not exceed five hundred thousand dollars ($500,000).(d) The authority may do the following:(1) Transfer to the special revolving fund other money in the authority's possession not otherwise committed or needed.(2) Place a gift or grant to the authority not limited in character in the special revolving fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-6-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 6. Recreational Development Facilities and Park Projects|5-1.2-6-15. Control of Property After Termination of Lease

Sec. 15. (a) Property leased by the authority to another entity other than the department of natural resources, at the termination of the lease or a renewal of the lease, may be leased to the same or other persons upon the terms the authority determines after following the procedure in section 6 of this chapter. If the authority does not lease the property, the property reverts to the control of the department of natural resources for the department's use and operation. The authority may not operate the property.(b) If the authority is entitled to take over the operation of property because of a default in an agreement, the authority may operate the property through the authority's employees or contract with others for the operation of the property. The contract for operation may be with the department of natural resources if the department is not a defaulting party.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-1. Purpose

Sec. 1. The general purpose of this chapter is to provide financing for health facilities and health facility property.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-2. Applicability

Sec. 2. This chapter applies only to health facilities and health facility property and not to any other facilities or projects financed by the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-3. County Commissioner Approval; Presuppose and Include Approval by County Council; Voting Requirements for Valid Lease

Sec. 3. (a) For purposes of this chapter, county commissioner action or approval for the appropriation and expenditure of county tax money shall presuppose and include approval by the county council.(b) A lease entered into by the board of county commissioners with the authority is valid or binding upon the county only if the lease is approved by a majority vote of the county council.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-4. Competitive Bidding Requirement

Sec. 4. Health facility property financed under this chapter is not subject to any statutory requirement of competitive bidding or other restriction imposed on the procedure for award of contracts or the lease, sale, or other disposition of health facility property with regard to any action taken under this chapter. However, if the prospective lessee or purchaser requests in writing, the authority shall call for the construction bids in a manner determined by the authority with the approval of the lessee or purchaser.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-6. Security; Transactions With Participating Providers

Sec. 6. Before exercising any of the powers conferred by section 5 of this chapter, the authority may:(1) require that the lease, installment purchase contract, or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor, or be secured by a letter of credit; and(2) require any other type of security from the participating providers that the authority considers reasonable and necessary.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-8. Bond Resolutions or Related Instruments; Provisions

Sec. 8. Any bond resolution or related trust indenture, indenture of mortgage, or deed of trust may contain provisions, which must be a part of the contract with the holders of the bonds to be authorized, as to pledging or assigning the revenues generated by the health facility property, pledging or assigning the notes and mortgage, lease, or other security given by the participating providers whose health facility property has been financed with the proceeds of the bonds or other specified revenues or property of the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-9. Bonds; Additional Security Authorized

Sec. 9. Bonds of the authority issued to finance or refinance a health facility or health facility property may also be secured by and payable from:(1) a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two (2) or more leases of health facility property with two (2) or more participating providers, as lessees; or(2) a pooling of notes and mortgages or other security instruments whereby the authority may assign its rights as payee or secured party and pledge the revenues under two (2) or more notes and loan agreements from two (2) or more participating providers;upon the terms as may be provided for in bond resolutions or other instruments under which the bonds are issued.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-10. Payment of Expenses

Sec. 10. All expenses incurred in carrying out this chapter shall be payable solely from funds provided under this chapter, and no liability may be incurred by the authority or the state beyond the extent to which money has been provided under this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-11. Public Property; Tax Exemption

Sec. 11. All property acquired or held by the authority under this chapter is declared to be public property used for public and governmental purposes, and all property, income from the property and bonds issued under this chapter, interest payable on the bonds and income derived from the bonds, are exempt from all taxes, direct or indirect, imposed by the state, any county, any city, or any political subdivision of the state.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-12. Construction of Chapter

Sec. 12. Nothing in this chapter may be construed as a restriction or limitation upon any powers which the authority might otherwise have under any other law of this state, and this chapter is cumulative to these powers. This chapter shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized, and shall be construed as supplemental to powers conferred by any other laws. The adoption by the authority of bylaws and rules, and the issuance of bonds by the authority under this chapter need not comply with the requirements of any other state laws applicable to the adoption of bylaws and rules and the issuance of bonds, notes, and other obligations. No proceedings, notice, or approval is required for the issuance of any bonds or any instrument or the security for the bonds or instruments, or for the proper conduct of the authority's business, affairs, or operations, except as provided in this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-13. Leases by County With the Authority

Sec. 13. (a) A county may lease land and buildings, including the necessary equipment and appurtenances, from the authority for hospital purposes. No lease on a particular building shall be entered into for a period of more than forty (40) years. However, a lease is renewable for less than forty (40) years.(b) A lease entered into by a county may require the funding of a reserve fund for the benefit of the authority or the authority's assigns. To assure the maintenance of the required reserve amount in any reserve fund, the county council may appropriate for deposit in the reserve fund the sum certified by the county fiscal officer to the county council that is necessary to restore the reserve fund to an amount equal to the required reserve amount. The county fiscal officer shall annually before July 1 prepare and deliver a certificate to the county council stating the sum required to restore the reserve fund to the appropriate reserve amount. Nothing in this subsection creates a debt or liability of the county to make an appropriation.(c) All amounts received because of money appropriated by the county to a reserve fund must be held by the authority under the lease and applied in accordance with the lease.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-14. Leases Before Construction, Erection, or Renovation of Buildings

Sec. 14. A county may, in anticipation of the construction, erection, or renovation of a building (including the necessary equipment and appurtenances), make and enter into a lease with the authority before the actual acquisition of a site and the construction, erection, or renovation of the building. The lease shall not provide for the payment of any lease rental by the lessee until the building is ready for occupancy. However, if a building is to be acquired and renovated under this chapter, a county may, in anticipation of the acquisition and renovation, make and enter into a lease upon terms and conditions that are agreed upon by the county and the authority, including:(1) terms and conditions upon which the county may continue to operate the building until completion of the renovation; and(2) the payment of a lease rental by the lessee during the period of renovation.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-7-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 7. Health Facility Financing|5-1.2-7-15. Payment of Lease Rental

Sec. 15. (a) Any lease executed under section 13 or 14 of this chapter may provide for the payment of the lease rental in any one (1) of the following ways as established in the lease:(1) Entirely from the levy of taxes.(2) Entirely from the net revenues of the hospital of which the leased building is a part.(3) In part from the levy of taxes and in part from the net revenues described in subdivision (2).(b) If any lease provides for the payment of lease rental in whole or in part from net revenues of the hospital, the lease may also provide that the county and the board of trustees or board of managers of the hospital set aside and hold as a reserve for this purpose excess net revenues over and above the amount required to pay lease rental payable from net revenues. The reserve fund may not exceed an amount equal to the amount of lease rental payable from net revenues for two (2) years. The reserve fund shall be held and used only for the purpose of paying lease rental payable from net revenues, if the net revenues at any time are insufficient to pay lease rentals. The amount in the reserve fund may be invested in the manner and to the extent provided in the lease. All interest or other income from the investment shall become part of the reserve fund unless the reserve fund contains the maximum amount required to be in the reserve fund. The following apply if the reserve fund contains the maximum amount required to be in the reserve fund:(1) If any of the lease rental is payable from taxes, the interest or other income shall be transferred to the fund to be used for the payment of the lease rental provided to be paid from taxes.(2) If none of the lease rental is payable from taxes, the interest or other income shall become a part of the reserve fund.As added by P.L.189-2018, SEC.25.