{"data":{"id":"us-in/ic-5-1.2-4.5-2","jurisdiction":"us-in","citation":"IC 5-1.2-4.5-2","heading":"Applicability; extension or amendment; threshold amounts; review by the budget agency","body":"Sec. 2. (a) This section applies to:\n(1) a public-private agreement to which the authority is a party under IC 8-15.5 and that is originally entered into after May 1, 2019; and\n(2) any other agreement to which the authority or the state is a party under any provision of the Indiana Code, other than IC 8-15.5, that would increase revenue as the result of the sale or lease of a state asset, or a grant of a license to operate a state asset, and that is entered into after May 1, 2020.\n(b) If:\n(1) an extension or an amendment to a public-private agreement described in subsection (a)(1) would increase the amount to be:\n(A) paid by the authority to the operator, another private entity, or a governmental entity by at least one hundred million dollars ($100,000,000); or\n(B) received by the operator or a party related to the operator by at least one hundred million dollars ($100,000,000); or\n(2) an agreement described in subsection (a)(2) would increase revenue by at least one hundred million dollars ($100,000,000) as the result of the sale or lease of a state asset, or a grant of a license to operate a state asset;\nthe authority or the state shall submit the proposed extension or amendment to the public-private agreement described in subdivision (1) or the proposed agreement described in subdivision (2) to the budget committee established by IC 4-12-1-3 for its review.\n(c) The budget committee may request that the authority, the department of transportation, or both, or the state, as applicable, appear at a public meeting of the budget committee concerning the proposed extension or amendment to the public-private agreement described in subsection (a)(1) or the proposed agreement described in subsection (a)(2). The authority or the state may not enter into any extension or amendment to the public-private agreement described in subsection (a)(1) or the proposed agreement described in subsection (a)(2) until after the budget committee has reviewed the proposed extension or amendment to the public-private agreement described in subsection (a)(1) or the proposed agreement described in subsection (a)(2).","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.2. INDIANA FINANCE AUTHORITY","Chapter 4.5. Public-Private Agreements and Certain Other Agreements"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.2-4.5-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"6b723b3d682bb238337b758bed6c30a3f3590101b79b9e7babe7ecbbcc997fc9","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.2-4.5-1","next":"us-in/ic-5-1.2-4.5-3"},"notice":"GroundRules: Original legal text. Not legal advice."}