Indiana § 36-9-30-27 - Lease with option to purchase facilities; lessor corporation; payment
Full text of Indiana Indiana Code § 36-9-30-27 — Lease with option to purchase facilities; lessor corporation; payment, with citation guidance and answers to common questions.
§ 36-9-30-27. Lease with option to purchase facilities; lessor corporation; payment
Sec. 27. In anticipation of the acquisition of a site and the construction and erection of solid waste disposal facilities, including the necessary equipment and appurtenances, a unit may enter into a lease with option to purchase with a lessor corporation, subject to the approval of the department of local government finance. Such a lease may not provide for the payment of any lease rental by the lessee until the facilities are completed and ready for solid waste disposal. The lessor corporation shall agree in the lease to furnish a bond satisfactory to the lessee and conditioned upon final completion of the facilities within the period specified in the lease, except for unavoidable delays.
[Pre-Local Government Recodification Citation: 19-2-1-24.]
As added by Acts 1981, P.L.309, SEC.106. Amended by P.L.90-2002, SEC.515.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-9-30-27
What does Indiana Code § 36-9-30-27 cover?
Section 36-9-30-27 ("Lease with option to purchase facilities; lessor corporation; payment") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 36-9-30-27?
A common citation format is "Indiana Code § 36-9-30-27" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 36-9-30-27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.