Sec. 6. The authority may lease property to the department of natural resources and others. A lease: (1) may provide for the operation, maintenance, improvement, or renovation of the property; (2) must contain standards for operation, quality of goods and services, and price of goods and services; (3) need not be approved by the attorney general or the governor; (4) may be executed by the: (A) chair or vice chair of the authority; and (B) public finance director; and (5) is binding on the state after advertisement one (1) time a week for two (2) weeks in two (2) newspapers published in Indianapolis. The first publication must be at least fourteen (14) days before a public hearing by the authority, and the proposed lease must be on file in the department of natural resources during the period of publication.
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