Indiana Statutes
§ 8-14-9-15 — Local county road and bridge construction fund; use; deposits
(a)All proceeds from the sale of bonds issued
under this chapter shall be deposited in a separate fund known as the
local county road and bridge district construction fund. Monies in the
fund shall be used to pay for:
(1)any lands or rights-of-way to be acquired for roads or bridges,
or both, within the local county road and bridge district;
(2)any capital improvement necessary for the construction,
reconstruction, or operation of roads or bridges, or both, within
the local county road and bridge district; and
(3)any other necessary expenses incurred in carrying out the
project.
Monies in the fund may not be used to pay the salaries of employees of
the qualified county.
(b)Monies in the fund shall be deposited with any depository of
public funds of the qualified county. Interest accru
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Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed