{"data":{"id":"us-in/ic-5-1.3-5-3","jurisdiction":"us-in","citation":"IC 5-1.3-5-3","heading":"Transfers, leases, and leasebacks","body":"Sec. 3. The NWIRDA may sell, transfer, or convey by any means any rail project to the IFA through negotiation of a lease. The NWIRDA may lease any existing rail project system or property under its control to the IFA for construction of a rail project. The rail project may be leased back to the NWIRDA.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.3. LEASE FINANCING FOR RAIL PROJECTS FOR THE NORTHWEST INDIANA REGIONAL DEVELOPMENT AUTHORITY AND THE NORTHERN INDIANA COMMUTER TRANSPORTATION DISTRICT","Chapter 5. Leases"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.3-5-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"a76b76f4a8c46a413cc81f56131d56fa684205ab51f13da83bbb03314ca2cfd9","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.3-5-2","next":"us-in/ic-5-1.3-5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}