§ 36-9-4-48 — Cumulative transportation fund; establishment; notice; tax levy

(a) A cumulative transportation fund to
provide money for the acquisition of buses and for the planning,
establishment, and maintenance of routes and schedules to assist in
implementing this chapter may be established under IC 6-1.1-41 by:
(1) the legislative body of a municipality that:
(A) is making grants to an urban mass transportation system; or
(B) has purchased buses for operation under lease by an urban
mass transportation system; or
(2) the board of directors of a public transportation corporation.
(b) In addition to other notices required under IC 6-1.1-41, notices
of hearings under IC 6-1.1-41 must be given to the following:
(1) the municipal executive, for a tax levy by a municipality; and
(2) the chair of the board of directors, for a tax levy by a public
transportation corporation.
(c) A tax levy to finance the cumulative transportation fund may be
levied in compliance with IC 6-1.1-41. The tax levied under this
section may not exceed six and sixty-seven hundredths cents ($0.0667)
on each one hundred dollars ($100) of taxable property within the
corporate boundaries of the municipality or the taxing district of the
public transportation corporation, as the case may be.
[Pre-Local Government Recodification Citations:
19-5-2-30.4; 19-5-2-30.5; 19-5-2-30.6.]
As added by Acts 1981, P.L.309, SEC.77. Amended by Acts
1981, P.L.45, SEC.40; P.L.17-1995, SEC.24; P.L.6-1997, SEC.216;
P.L.127-2017, SEC.285.