Current through P.L. 171-2024
Section 36-10-11-14 - Lease; option to purchase(a) An option to purchase on the dates of each year fixed in the lease, before the expiration of the lease, may also be included in the original lease. The price must be computed by a method set out in the lease. The option may be given to one (1) or more lessees acting jointly or severally.(b) A lease may not obligate a governmental entity to purchase the leased building or pay creditors or bondholders of the authority.As added by Acts1982 , P.L. 218, SEC.5.