§ 8-14-14-7 — Additional distributions from the fund

Indiana § 8-14-14-7

• Jurisdiction: Indiana
• Art. 14: HIGHWAY FINANCES
• Ch. 14: Major Moves Construction Fund

Text

(a) In addition to any distributions required by
section 6 of this chapter, money in the fund may be used for any of the
following purposes:
(1) Except as provided in subsection (b), the payment of any
obligation incurred or amounts owed by the authority, the
department, or an operator under IC 8-15-2, IC 8-15-3, IC 8-15.5,
or IC 8-15.7 in connection with the execution and performance of
a public-private agreement under IC 8-15.5 or IC 8-15.7,
including establishing reserves.
(2) Lease payments to the authority, if money for those payments
is specifically appropriated by the general assembly.
(3) Distributions to the treasurer of state for deposit in the state
highway fund, for the funding of any project in the department's
transportation plan.
(b) Money in the fund may not be used for the payment of an
obligation incurred or amounts owed by the authority, the department,
or an operator under IC 8-15.7 in connection with a public-private
agreement under IC 8-15.7 concerning a passenger or freight railroad
system as described in IC 8-15.7-2-14(a)(4).
(c) The treasurer of state shall deposit in the toll road lease
amendment proceeds fund established by IC 8-14-14.2-1 all proceeds,
including interest earned on these proceeds, received under the First
Amendment to the Amended and Restated Indiana Toll Road
Concession and Lease Agreement entered on September 21, 2018.

Legislative History

As added by P.L.47-2006, SEC.5. Amended by P.L.203-2007, SEC.3; P.L.108-2019, SEC.153.