A county may establish a separate municipal corporation to be known as the "__________ building authority" (including the name of the county seat and county) for the purpose of:

1. (1) acquiring land; and

2. (2) financing, acquiring, improving, constructing, reconstructing, renovating, equipping, and operating government buildings and systems;

   and leasing them to eligible entities.

   [Pre-Local Government Recodification Citation: 19-8-4-1 part.]

   As added by Acts 1981, P.L.309, SEC.86. Amended by Acts 1981, P.L.188, SEC.5; P.L.37-1988, SEC.30.