§ 36-9-3-17 — Acquisition and construction of transportation facilities

At the request of the public transportation
system serving the territory of the authority, the authority may:
(1) construct or acquire any public transportation facility for use
by the authority or any transportation agency; and
(2) acquire transportation facilities from any transportation
agency, including:
(A) reserve funds;
(B) employees' pension or retirement funds;
(C) special funds;
(D) franchises;
(E) licenses;
(F) patents;
(G) permits; and
(H) papers and records of the agency.
In making acquisitions from a transportation agency, the authority may
assume the obligations of the agency regarding its property or public
transportation operations.
[Pre-Local Government Recodification Citation:
19-5-2.5-14.]
As added by Acts 1981, P.L.309, SEC.76.