Section 32-31-1-21.1 - Disclosure of property near a military installation(a) This section applies only to a lease entered into or renewed after June 30, 2023, for real property that is: (1) assessed as residential or commercial land under the real property assessment rules and guidelines of the department of local government finance; or(2) used for educational, literary, scientific, religious, or charitable purposes by a nonprofit corporation, organization, or association exempt from federal income taxation under Section 501 of the Internal Revenue Code.(b) The lessor shall disclose in the lease that:(1) the property is located near a military installation, within a state area of interest (as defined in IC 36-7-30.2-6), and may be impacted to some degree by the effects of the installation's military operations; and(2) local laws may restrict use and development of the property to promote compatibility with military installation operations.Added by P.L. 43-2023,SEC. 2, eff. 7/1/2023.