2012 Indiana Code
TITLE 8. UTILITIES AND TRANSPORTATION
ARTICLE 15.7. PUBLIC-PRIVATE PARTNERSHIPS
CHAPTER 13. TERM OF AGREEMENT; REVERSION OF PROPERTY TO STATE
IC 8-15.7-13Chapter 13. Term of Agreement; Reversion of Property to State
IC 8-15.7-13-1
Maximum term of public-private agreement
Sec. 1. The term of a public-private agreement, including all extensions, may not exceed seventy-five (75) years. For purposes of measuring the term, the term begins on the date on which operations of a part of the qualifying project by the operator commences.
As added by P.L.47-2006, SEC.40.
IC 8-15.7-13-2
Termination date
Sec. 2. The department shall terminate the operator's authority and duties under the public-private agreement on the date set forth in the public-private agreement.
As added by P.L.47-2006, SEC.40.
IC 8-15.7-13-3
Reversion of qualifying project to department
Sec. 3. Upon termination of the public-private agreement, the authority and duties of the operator under this article cease, except for any duties and obligations that extend beyond the termination as set forth in the public-private agreement, and the qualifying project reverts to the department and shall be dedicated to the department for public use.
As added by P.L.47-2006, SEC.40.
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