Indiana § 8-14-2-5 Local road and street account; use of funds

Indiana Statutes

§ 8-14-2-5 — Local road and street account; use of funds

Indiana·Art. 14 HIGHWAY FINANCES·Ch. 2 Special Highway User Tax Accounts

Money from the local road and street account shall be used exclusively by the cities, towns, and counties for:

(1)engineering, land acquisition, construction, resurfacing, maintenance, restoration, or rehabilitation of both local and arterial road and street systems;

(2)the payment of principal and interest on bonds sold primarily to finance road, street, or thoroughfare projects;

(3)any local costs required to undertake a recreational or reservoir road project under IC 8-23-5; or

(4)the purchase, rental, or repair of highway equipment. Formerly: Acts 1969, c.392, s.5; Acts 1971, P.L.98, SEC.6; Acts 1973, P.L.71, SEC.4; Acts 1974, P.L.33, SEC.2; Acts 1975, P.L.91, SEC.1. As amended by Acts 1978, P.L.58, SEC.6; Acts 1981, P.L.41, SEC.51; P.L.18-1990, SEC.111; P.L.76-1990, SEC.1.

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Money from the local road and street account
shall be used exclusively by the cities, towns, and counties for:
(1) engineering, land acquisition, construction, resurfacing,
maintenance, restoration, or rehabilitation of both local and
arterial road and street systems;
(2) the payment of principal and interest on bonds sold primarily
to finance road, street, or thoroughfare projects;
(3) any local costs required to undertake a recreational or
reservoir road project under IC 8-23-5; or
(4) the purchase, rental, or repair of highway equipment.
Formerly: Acts 1969, c.392, s.5; Acts 1971, P.L.98, SEC.6; Acts
1973, P.L.71, SEC.4; Acts 1974, P.L.33, SEC.2; Acts 1975, P.L.91,
SEC.1. As amended by Acts 1978, P.L.58, SEC.6; Acts 1981, P.L.41,
SEC.51; P.L.18-1990, SEC.111; P.L.76-1990, SEC.1.

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