Indiana § 8-14-14-8 Allocation of distributions for certain projects

Indiana Statutes

§ 8-14-14-8 — Allocation of distributions for certain projects

Indiana·Art. 14 HIGHWAY FINANCES·Ch. 14 Major Moves Construction Fund

(a)The total amount of distributions from the fund for projects or purposes that benefit a county traversed by the Indiana Toll Road may not be less than thirty-four percent (34%) of:

(1)the money that is transferred to the fund from the toll road fund under IC 8-15.5-11; plus

(2)the amount initially set aside in the administration account of the toll road fund to establish an escrow account to implement a written agreement entered into under IC 8-15.5-7-6 to fund reductions in, or refunds of, user fees imposed on Class 2 vehicles.

(b)The budget agency shall determine the amount of distributions required by this section. In making the determination, the budget agency shall include the following amounts:

(1)Amounts distributed to counties traversed by the Indiana Toll Road under sectio

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The total amount of distributions from the
fund for projects or purposes that benefit a county traversed by the
Indiana Toll Road may not be less than thirty-four percent (34%) of:
(1) the money that is transferred to the fund from the toll road
fund under IC 8-15.5-11; plus
(2) the amount initially set aside in the administration account of
the toll road fund to establish an escrow account to implement a
written agreement entered into under IC 8-15.5-7-6 to fund
reductions in, or refunds of, user fees imposed on Class 2
vehicles.
(b) The budget agency shall determine the amount of distributions
required by this section. In making the determination, the budget
agency shall include the following amounts:
(1) Amounts distributed to counties traversed by the Indiana Toll
Road under section 6(a)(1) of this chapter.
(2) Money distributed to the northwest Indiana regional
development authority under this chapter.
(3) Money distributed under section 6(a)(3) of this chapter.
(4) Projects carried out by the department in counties traversed by
the Indiana Toll Road and funded with money distributed under
section 6(a)(4) of this chapter.
(5) The amount initially set aside in the administration account of
the toll road fund to establish an escrow account to implement a
written agreement entered into under IC 8-15.5-7-6 to fund
reductions in, or refunds of, user fees imposed on Class 2
vehicles.
(6) Money transferred to the administration account of the toll
road fund under section 6(a)(5) of this chapter.
(7) Payments to the Indiana public retirement system required by
section 6(a)(6) of this chapter.

Indiana § 8-14-14-8 (Allocation of distributions for certain projects) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.