reglab/housing_qa huggingface dataset:
IN Code § 8-22-3.7-12 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-12. Reasonableness of Leases; Leases of Airport Projects From Development Authority

Sec. 12. (a) Before a lease may be entered into, the authority must find that the lease rental provided for is fair and reasonable.(b) A lease of an airport project from the development authority to the authority:(1) must comply with IC 8-22-3.6;(2) may not require payment of lease rental for a newly constructed airport project or for improvements to an existing airport project except to the extent that the airport project or improvements to the project have been completed and are ready for occupancy or use;(3) may contain provisions:(A) allowing the authority to continue to operate an existing airport project until completion of the improvements, reconstruction, or renovation; and(B) requiring payment of lease rentals for an existing airport project being used, reconstructed, or renovated;(4) may contain an option to renew the lease for the same or shorter term on the conditions provided in the lease;(5) must contain an option for the authority to purchase the airport project upon the terms stated in the lease during the term of the lease for a price equal to the amount required to pay all indebtedness incurred on account of the airport project, including indebtedness incurred for the refunding of that indebtedness;(6) may be entered into before acquisition or construction of an airport project;(7) may provide that the authority shall agree to:(A) pay all taxes and assessments on the project;(B) maintain insurance on the project for the benefit of the development authority; and(C) assume responsibility for utilities, repairs, alterations, and any costs of operation; and(8) may provide that the lease rental payments by the authority shall be made from any one (1) or more of the sources set forth in IC 8-22-3.6.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-13 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-13. Authority for Leases Between Development Authority and Authority

Sec. 13. This chapter and IC 8-22-3.6 contain full and complete authority for leases between the development authority and the authority. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board, authority or the eligible entity or any other officer, department, agency, or instrumentality of the state or any political subdivision are required to enter into any lease, except as prescribed in this chapter and IC 8-22-3.6.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-14 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-14. Leases; Authority Approval of Plans and Specifications of Project

Sec. 14. If the lease provides for an airport project or improvements to an airport project to be constructed by the development authority, the plans and specifications shall be submitted to and approved by the authority.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-15 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-15. Party Walls; Easements; Licenses

Sec. 15. The development authority and the authority may enter into common wall (party wall) agreements or other agreements concerning easements or licenses. These agreements shall be recorded with the recorder of the county.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-16 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-16. Sales or Leases of Projects to Development Authority

Sec. 16. (a) The authority may lease for a nominal lease rental or sell to the development authority one (1) or more airport projects or portions of airport projects or land upon which an airport project is located or is to be constructed.(b) Any lease of all or a portion of an airport project by the authority to the development authority must be for a term equal to the term of the lease of that airport project back to the authority.(c) The authority or the eligible entity may sell property to the development authority for the amount that the authority or the eligible entity determines to be in the best interest of the authority or the eligible entity, which amount may be paid from the proceeds of bonds of the development authority.(d) The authority may sublease an airport project or portion of an airport project to any person or entity for a term not to exceed the term of the lease from the development authority, upon the terms and at the rental that the authority determines to be in the best interest of the authority.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-17 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-17. Bond Issues

Sec. 17. (a) The development authority may issue bonds for the purpose of obtaining money to pay the cost of:(1) acquiring property;(2) constructing, improving, reconstructing, or renovating one (1) or more airport projects; or(3) funding or refunding bonds issued under this chapter or IC 8-22-3.(b) The bonds are payable solely from the lease rentals from the lease of the airport project for which the bonds were issued, insurance proceeds, and any other funds pledged or available.(c) The bonds shall be authorized by a resolution of the development board.(d) The terms and form of the bonds shall either be set out in the resolution or in a form of trust indenture approved by the resolution.(e) The bonds shall mature within fifty (50) years.(f) The development board shall sell the bonds at public or private sale upon terms determined by the development board.(g) All money received from any bonds issued under this chapter shall be applied solely to the payment of the cost of the acquisition or construction, or both, of airport projects, or the cost of refunding or refinancing outstanding bonds, for which the bonds are issued. The cost may include:(1) planning and development of the airport project and all related buildings, facilities, structures, and improvements;(2) acquisition of a site and clearing and preparing the site for construction;(3) equipment, facilities, structures, and improvements that are necessary or desirable to make the airport projects suitable for use and operations;(4) architectural, engineering, consultant, and attorney fees;(5) incidental expenses in connection with the issuance and sale of bonds;(6) reserves for principal and interest;(7) interest during construction and for a period thereafter determined by the board, but in no event to exceed five (5) years;(8) financial advisory fees;(9) insurance during construction;(10) municipal bond insurance, debt service reserve insurance, letters of credit, or other credit enhancement; and(11) in the case of refunding or refinancing, payment of the principal of, redemption premiums, if any, and interest on, the bonds being refunded or refinanced.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-18 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-18. Law Governing Issuance; Bonds as Legal Investment

Sec. 18. (a) This chapter contains full and complete authority for the issuance of bonds. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board of any other officer, department, agency, or instrumentality of the state or of any political subdivision are required to issue any bonds, except as prescribed in this chapter.(b) Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associates, credit unions, banks of discount and deposit, savings banks, private banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan companies, industrial loan and investment companies, and other financial institutions organized under Indiana law.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-19 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-19. Trust Indentures Securing Bonds

Sec. 19. (a) The development authority may secure bonds issued under this chapter by a trust indenture between the development authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers.(b) The trust indenture may:(1) pledge or assign lease rentals, receipts, and income from leased airport projects;(2) contain reasonable and proper provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth the duties of the authority and the board;(3) set forth the rights and remedies of bondholders and trustee; and(4) restrict the individual right of action of bondholders.However, the trust indenture may not mortgage airport projects.(c) Any pledge or assignment made by the development authority under this section is valid and binding in accordance with IC 5-1-14-4 from the time that the pledge or assignment is made, against all persons whether they have notice of the lien or not. Any trust indenture by which a pledge is created or an assignment need not be filed or recorded. The lien is perfected against third parties in accordance with IC 5-1-14-4.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-20 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-20. Bonds Issued Upon Exercise of Option to Purchase

Sec. 20. If the authority exercises its option to purchase leased property, it may issue its bonds authorized by statute.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-21 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-21. Exemptions From Taxation

Sec. 21. (a) All:(1) property owned by the development authority;(2) revenues of the development authority; and(3) bonds issued by the development authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds;are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.(b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.As added by P.L.108-1993, SEC.11. Amended by P.L.254-1997(ss), SEC.18; P.L.27-2007, SEC.9; P.L.79-2017, SEC.59.
IN Code § 8-22-3.7-22 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-22. Actions to Contest Validity of Bonds; Conditions

Sec. 22. Any action to contest the validity of bonds to be issued under this chapter may not be brought after:(1) fifteen (15) days following the receipt of bids for the bonds, if the bonds are sold at public sale; or(2) the time limitations set forth in IC 5-1-14-13.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-23 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-23. Impairment of Bondholder Rights

Sec. 23. The general assembly covenants that it will not:(1) repeal or amend this chapter, IC 8-22-3.5, or IC 8-22-3.6 in a manner that would adversely affect owners of outstanding bonds, or payment of any lease rentals, secured by the revenues pledged under this chapter, IC 8-22-3.5, or IC 8-22-3.6; or(2) in any way impair the rights of owners of bonds of the development authority, or the owners of bonds secured by lease rentals, secured by a pledge of revenues under this chapter or IC 8-22-3.6.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-24 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-24. Financing Powers as Public Purpose

Sec. 24. This provision of alternative financing power to eligible entities, development authorities, and authorities in order to finance airport projects is a public purpose.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-3.7-25 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 3.7. Airport Development Authority|8-22-3.7-25. Supplemental Nature of Chapter

Sec. 25. This chapter is supplemental to other statutes and does not supersede any other provisions of the Indiana Code.As added by P.L.108-1993, SEC.11.
IN Code § 8-22-4-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-1. Creation of Authority; Members

Sec. 1. (a) Governmental units in each of two (2) party states may combine in the creation of an airport authority for the purpose of jointly supporting and operating an airport terminal and all attached properties. The governmental units are not limited as to number, character, or size, except that the airport authority must be composed of an equal number of members from each party state, designated or appointed by the legislative body of the participating governmental unit. The federal government may be represented by a nonvoting agent or representative if authorized by federal law.(b) The airport authority is established when resolutions or ordinances containing identical agreement provisions are duly adopted by the legislative bodies of the governmental units to be combined into the airport authority. If passage is by resolution, it may be joint or several, but the resolution or ordinance of the combining governmental units must provide for the number of members, the residence requirements of the members, the length of term of the members, and the appointment of an additional member by the governor of each party state. If the member appointed by the governor is selected from the membership or staff of the aeronautics commission of the state, there is no limitation as to place of residence, and the length of tenure of office is at the pleasure of the governor.(c) The respective members of the airport authority, except any member representing the federal government, are each entitled to one (1) vote. An action of the membership of the airport authority is official only if taken at a meeting in which a majority of the voting members from each party state are present and a majority of those from each state concur. An action that does not comply with these requirements may be ratified within thirty (30) days by the concurrence of a majority of the members of each party state. In the absence of a member, his vote may be cast by another representative or member of his state if the representative casting the vote has a written proxy in the proper form required by the airport authority.[Pre-Local Government Recodification Citation: 19-6-5-2 part.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-4-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-2. Powers and Duties

Sec. 2. (a) The airport authority may sue and be sued, and shall adopt an official seal.(b) The airport authority may appoint and remove or discharge personnel as may be necessary for the performance of the airport's functions irrespective of the civil service, personnel, or other merit system laws of either of the party states.(c) The airport authority shall elect annually, from its membership, a chairman, a vice chairman, and a treasurer.(d) The airport authority may establish and maintain or participate in programs of employee benefits as may be appropriate to afford employees of the airport authority terms and conditions of employment similar to those enjoyed by the employees of each of the party states.(e) The airport authority may borrow, accept, or contract for the services of personnel from a state, the United States, or a subdivision or agency of either, from an interstate agency, or from any other institution or person.(f) The airport authority may accept for its purposes and functions donations and grants of money, equipment, supplies, materials, and services, conditional or otherwise, from a state, the United States, or a subdivision or agency of either, from an interstate agency, or from any other institution or person. The authority may receive, utilize and dispose of the property.(g) The airport authority may establish and maintain facilities that may be necessary for the transaction of its business. The airport authority may acquire, hold, and convey real and personal property and any interest in it, and may enter into contracts for improvements upon real estate appurtenant to the airport, including farming, extracting minerals, subleasing, subdividing, promoting and developing of real estate that aids and encourages the development and service of the airport. The airport authority may engage contractors to provide airport services and shall carefully observe all appropriate federal or state regulations in the operation of the air facility.(h) The airport authority may adopt official rules and regulations for the conduct of its business and may amend or rescind them when necessary.(i) The airport authority shall annually make a report to the governor of each party state concerning the activities of the airport authority for the preceding year, embodying in the report recommendations that have been adopted by the airport authority. The copies of the report shall be submitted to the legislature or general assembly of each of the party states at any regular session. A copy submitted to the general assembly must be in an electronic format under IC 5-14-6. The airport authority may issue additional reports that are necessary.[Pre-Local Government Recodification Citation: 19-6-5-2 part.]As added by Acts 1980, P.L.8, SEC.73. Amended by P.L.28-2004, SEC.74.
IN Code § 8-22-4-4 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-4. Powers and Functions

Sec. 4. The airport authority may:(1) operate and conduct an airport;(2) operate farming operations on real estate appurtenant to the airport;(3) exercise the power of eminent domain in accordance with the statutes of the state in which the airport is located;(4) maintain, operate, and extend water and sewer systems on the land appurtenant to the airport, and make and collect charges for services;(5) construct and lease industrial and aviation buildings on the land appurtenant to the airport;(6) lease land owned by a combining governmental unit suitable for an airport facility for a term of not less than ninety-nine (99) years;(7) secure expert guidance on the development of an area air facility so that the interests of the area are best served and implement that development under the statutes of the party states;(8) establish and fix by ordinance a restricted zone for distances in any direction from the boundaries of the airport facility that is necessary and practicable, regulating the height of structures to provide free air space for access by aircraft and for the safe use of the airport, all in accordance with the statutes of the party state in which the airport is located;(9) accept, receive, and receipt for federal monies and other monies, public or private, for the acquisition, construction, enlargement, improvement, maintenance, equipment, or operation of airports, other air navigation facilities, and sites for them;(10) buy and sell machinery for aviation purposes; and negotiate and contract for personal services, materials and supplies; whenever personal property is to be purchased or sold, there must be due notice and competitive bidding as required by the statutes of the state in which the airport is located; and(11) perform all functions and do all acts that are necessary to the total development of a commercial and industrial air facility, in accordance with the laws of the party states.[Pre-Local Government Recodification Citation: 19-6-5-4.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-4-5 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-5. Effectiveness of Authority

Sec. 5. The authority to combine into an airport authority becomes effective at the time when reciprocal authorizing legislation is enacted by a party state authorizing governmental units in that state to combine with governmental units in Indiana in an airport authority.[Pre-Local Government Recodification Citation: 19-6-5-5.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-4-6 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-6. Effect of Chapter

Sec. 6. This chapter does not affect IC 8-22-5.[Pre-Local Government Recodification Citation: 19-6-5-6.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-4-7 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 4. Joint State Airport Authorities|8-22-4-7. Approval by Other States

Sec. 7. Before commencement of proceedings for the acquisition and establishment of airports, landing fields, or other air navigation facilities, approval of the acquisition or establishment of the airports, landing fields or other air navigation facilities must be secured and granted by the respective aeronautics commissions of the party states.[Pre-Local Government Recodification Citation: 19-6-5-7.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-5-1 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 5. Local Participation in Interstate Airports|8-22-5-1. Interstate Airport Facilities; Approval

Sec. 1. The governing body of a county, city, village, town, or other political subdivision of an adjoining state whose statutes permit may acquire, establish, construct, own, control, lease, equip, improve, maintain, and operate airports, landing fields, or other air navigation facilities in Indiana, subject to statutes, rules, and regulations of Indiana applicable to its political subdivisions in aeronautical projects, but subject to the laws of the adjoining state in matters relating to financing the projects. The aeronautics commission of Indiana must approve the acquisition and establishment of the airports, landing fields, or other air navigation facilities before commencement of proceedings for acquisition or establishment.[Pre-Local Government Recodification Citation: 19-6-4-1.]As added by Acts 1980, P.L.8, SEC.73.
IN Code § 8-22-5-2 (2021)
2021 Indiana Code|Title 8. Utilities and Transportation|Article 22. Airports|Chapter 5. Local Participation in Interstate Airports|8-22-5-2. Rights of Political Subdivisions of Adjoining State

Sec. 2. The political subdivision of an adjoining state has all the rights, privileges, and duties of political subdivisions of Indiana, including the power of eminent domain, which must be exercised in accordance with Indiana law, as to property not devoted to public use, and the power jointly with political subdivisions of Indiana to acquire, establish, construct, own, control, lease, equip, improve, maintain, and operate airports, landing fields, or other air navigation facilities.[Pre-Local Government Recodification Citation: 19-6-4-3.]As added by Acts 1980, P.L.8, SEC.73.