§ 5-1.3-1-1 — Findings; declaration

Indiana § 5-1.3-1-1

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.3: LEASE FINANCING FOR RAIL PROJECTS FOR
• Ch. 1: Legislative Findings of Fact

Text

(a) The general assembly makes the following
findings of fact:
(1) The communities in northwest Indiana face unique and
distinct challenges and opportunities related to transportation and
economic development that are different in scope and type than
those faced by other communities in Indiana.
(2) The general assembly routinely appropriates money to
communities throughout the state based on its policy
determinations with regard to local need, and has previously
authorized appropriations for the development and improvement
of the commuter rail system in northwest Indiana.
(3) It is necessary to serve the public interest and to provide for
the public welfare by adopting this article for the purposes
described in this article.
(b) Any bonds, leases, or obligations entered into under this article
by the IFA do not constitute an indebtedness of the state within the
meaning or application of any constitutional or statutory provision,
prohibition, or limitation.

Legislative History

As added by P.L.189-2018, SEC.26.