§ 8-15-2-1 — Purpose; powers; applicability to the authority

Indiana § 8-15-2-1

• Jurisdiction: Indiana
• Art. 15: TOLL ROADS
• Ch. 2: Operation and Financing of Toll Roads

Text

(a) In order to remove the handicaps and hazards
on the congested highways in Indiana, to facilitate vehicular traffic
throughout the state, to promote the agricultural and industrial
development of the state, and to provide for the general welfare by the
construction of modern express highways embodying safety devices,
including center division, ample shoulder widths, long sight distances,
multiple lanes in each direction, and grade separations at intersections
with other highways and railroads, the authority may:
(1) subject to subsection (d), construct, reconstruct, maintain,
repair, and operate toll road projects at such locations as shall be
approved by the governor;
(2) in accordance with such alignment and design standards as
shall be approved by the authority and subject to IC 8-9.5-8-10,
issue toll road revenue bonds of the state payable solely from
funds pledged for their payment, as authorized by this chapter, to
pay the cost of such projects;
(3) finance, develop, construct, reconstruct, improve, or maintain
improvements for manufacturing, commercial, or public
transportation activities within a county through which a toll road
passes;
(4) in cooperation with the Indiana department of transportation
or a political subdivision, construct, reconstruct, or finance the
construction or reconstruction of an arterial highway or an arterial
street that is located within a county through which a toll road
passes and that:
(A) interchanges with a toll road project; or
(B) intersects with a road or a street that interchanges with a toll
road project;
(5) finance improvements necessary for developing transportation
corridors in northwestern Indiana; and
(6) exercise these powers in participation with any governmental
entity or with any individual, partnership, limited liability
company, or corporation.
(b) Notwithstanding subsection (a), the authority shall not construct,
maintain, operate, nor contract for the construction, maintenance, or
operation of transient lodging facilities on, or adjacent to, such toll road
projects.
(c) This chapter:
(1) applies to the authority only when acting for the purposes set
forth in this chapter; and
(2) does not apply to the authority when acting under any other
statute for any other purpose.
(d) Before the authority or an operator selected under IC 8-15.5 may
enter into an agreement for the financing, construction, maintenance,
or operation of a toll road project, the budget committee must first
review the proposed agreement.
Formerly: Acts 1951, c.281, s.1; Acts 1959, c.285, s.1. As
amended by Acts 1980, P.L.74, SECS.222, 223; P.L.109-1983, SEC.4;
P.L.48-1986, SEC.3; P.L.18-1990, SEC.128; P.L.8-1993, SEC.143;
P.L.89-1997, SEC.1; P.L.235-2005, SEC.115; P.L.214-2005, SEC.51;
P.L.47-2006, SEC.8; P.L.1-2006, SEC.156; P.L.1-2007, SEC.80;
P.L.163-2011, SEC.1; P.L.119-2012, SEC.92; P.L.94-2015, SEC.1;
P.L.218-2017, SEC.69.