1. (a) The commission may acquire, by purchase or by lease:

   1. (1) any land, property, rights, rights-of-way, franchises, easements, and other interests in real property, including land under water and riparian rights; and

   2. (2) any existing facilities, betterments, and improvements;

      that the commission considers necessary or convenient for the establishment, development, construction, improvement, or operation of any projects.

2. (b) The commission may also acquire land and other interest in real property by:

   1. (1) gift; or
   2. (2) bequest.
3. (c) The commission shall take and hold title to land and other interests in the name of the state of Indiana.

4. (d) When acquiring land under this section, the commission shall follow the procedures for the acquisition of land by the Indiana department of transportation.

   [Pre-1995 Recodification Citation: 14-6-29.5-5(a).]

As added by P.L.1-1995, SEC.6.