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Indiana Code Title 4. State Offices and Administration § 4-13-12.1-8

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 8. (a) The department may enter into a lease with the society for the society's use of any part of the building, exterior improvements, and surrounding site.

(b) Notwithstanding the term limitation for a lease under IC 4-13-1-4(10), the department may enter into a lease under subsection (a) for a term of not more than ninety-nine (99) years.

(c) Rent under a lease entered into under this section is one dollar ($1) each year, payable in advance.

(d) A lease entered into under this section may permit the building to house state activities or functions.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-13-12.1-8 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-13-12-1-8/

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