Indiana § 36-7.5-4-21 West Lake corridor project; failure to enter into a full funding grant
agreement

Indiana Statutes

§ 36-7.5-4-21 — West Lake corridor project; failure to enter into a full funding grant agreement

Indiana § 36-7.5-4-21

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 4Financing; Issuance of Bonds; Leases

This text of Indiana § 36-7.5-4-21 (West Lake corridor project; failure to enter into a full funding grant agreement) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7.5-4-21 (2026).

Text

(a)If a full funding grant agreement is not entered into between the commuter transportation district and the federal government for the West Lake corridor project, all amounts received by the secretary-treasurer of the development authority under IC 6-3.6-11-5.5, including any interest earned on those amounts, shall be distributed by the secretary-treasurer of the development authority to each civil taxing unit in proportion to the amounts withheld and paid on behalf of the civil taxing unit under IC 6-3.6-11-5.5.

(b)When a full funding grant agreement is entered into between the commuter transportation district and the federal government for a rail project, the development authority shall adopt a resolution taking notice of the executed full funding grant agreement, and the provisions

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(a) If a full funding grant agreement is not
entered into between the commuter transportation district and the
federal government for the West Lake corridor project, all amounts
received by the secretary-treasurer of the development authority under
IC 6-3.6-11-5.5, including any interest earned on those amounts, shall
be distributed by the secretary-treasurer of the development authority
to each civil taxing unit in proportion to the amounts withheld and paid
on behalf of the civil taxing unit under IC 6-3.6-11-5.5.
(b) When a full funding grant agreement is entered into between the
commuter transportation district and the federal government for a rail
project, the development authority shall adopt a resolution taking
notice of the executed full funding grant agreement, and the provisions
of subsection (a) will not apply with respect to that rail project.