Indiana § 5-23-6-3 - Payments to parties upon termination
Full text of Indiana Indiana Code § 5-23-6-3 — Payments to parties upon termination, with citation guidance and answers to common questions.
§ 5-23-6-3. Payments to parties upon termination
Sec. 3. The public-private agreement may provide for the payment of money to either party if the public-private agreement is terminated. The payments may be used in the form of liquidated damages to compensate the operator for demonstrated unamortized costs, to retire or refinance indebtedness created to improve or construct assets owned by the governmental body, or for any other purpose mutually agreeable to the operator and the governmental body.
As added by P.L.49-1997, SEC.34.
IC 5-23-7Chapter 7. Records
5-23-7-1Records of operator in public-private agreement 5-23-7-2Inspection and copying
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-23-6-3
What does Indiana Code § 5-23-6-3 cover?
Section 5-23-6-3 ("Payments to parties upon termination") 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 § 5-23-6-3?
A common citation format is "Indiana Code § 5-23-6-3" (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 § 5-23-6-3 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.