§ 8-10-1-1 — Construction of ports and economic development projects authorized

In order to promote the agricultural, industrial,
and commercial development of the state and to provide for the general
welfare by the construction and operation, in cooperation with the
federal government, or otherwise, of a modern port system with
terminal facilities to accommodate water, rail, truck, air-borne, and
other forms of transportation, the ports of Indiana is hereby authorized
and empowered to construct, maintain, and operate, in cooperation with
the federal government, or otherwise, at such locations as shall be
approved by the governor, projects, including without limitation public
ports with terminal facilities and traffic exchange points throughout
Indiana for all forms of transportation, giving particular attention to the
benefits which may accrue to the state and its citizens from all forms
of transportation, and issue revenue bonds of the state payable solely
from revenues to pay the cost of such projects. The ports of Indiana's
powers are not limited to ports and may be exercised throughout
Indiana for projects that enhance, foster, aid, provide, or promote
economic development, public-private partnerships, and other
industrial, commercial, business, and transportation purposes.
Formerly: Acts 1961, c.11, s.1; Acts 1963, c.395, s.1; Acts
1965, c.224, s.1; Acts 1969, c.387, s.1; Acts 1971, P.L.88, SEC.1. As
amended by P.L.224-2003, SEC.201 and P.L.271-2003, SEC.1;
P.L.98-2008, SEC.9.