Current as of January 01, 2019 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) The New Harmony River Bridge Authority is established as a body corporate and politic of the State for the purposes set forth in Section 5-35.
(b) The bridge authority has the power to make and enter into any contract that may be necessary to implement this Act. The bridge authority's contract power includes the ability to enter into an agreement or contract with the State of Indiana or any governmental entity in the State of Indiana to:
(1) form a joint bridge authority; or
(2) grant to the bridge authority the power to own and operate assets in the state of Indiana that are transferred by the commission to the bridge authority.
Except as otherwise provided by this Act, a contract made by the bridge authority is not subject to approval or ratification by any other board, body, or officer.
(c) The bridge authority may exercise its powers with respect to the assets of the commission, if any, including the power to contract with an entity, public or private, established in Indiana, to the extent permitted by Indiana law.
Cite this article: FindLaw.com - Illinois Statutes Chapter 45. Interstate Compacts § 185/5-15. Authority establishment - last updated January 01, 2019 | https://codes.findlaw.com/il/chapter-45-interstate-compacts/il-st-sect-45-185-5-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?