Sec. 5-15. Authority establishment.
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/il/chapter-45/act-185/5-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 5-15. Authority establishment.
(a)The New Harmony River Bridge Authority is established as a body corporate and politic of the State for the purposes set forth in Section 5-35.
(b)The bridge authority has the power to make and enter into any contract that may be necessary to implement this Act. The bridge authority's contract power includes the ability to enter into an agreement or contract with the State of Indiana or any governmental entity in the State of Indiana to:
(1)form a joint bridge authority; or
(2)grant to the bridge authority the power to own and operate assets in the state of
Indiana that are transferred by the commission to the bridge authority.
Except as otherwise provided by this Act, a contract made by the bridge authority is not subject to approval or ratification by any other board, body, or officer.
(c)The bridge authority may exercise its powers with respect to the assets of the commission, if any, including the power to contract with an entity, public or private, established in Indiana, to the extent permitted by Indiana law.