§ 8-15-2-1.3 — Procedures for allocation of money; considerations in prioritizing and selecting projects

Indiana § 8-15-2-1.3

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

Text

3. (a) The authority shall establish a written
procedure for allocating money to projects described in section 1(a)(3)
and 1(a)(4) of this chapter.
(b) The procedure established under this section must include at
least the following:
(1) An application procedure to identify projects that qualify for
funding.
(2) Criteria for prioritizing projects.
(3) Procedures for selecting projects.
(4) Procedures for reporting the results of the selection process
and the status of projects to the interim study committee on fiscal
policy established by IC 2-5-1.3-4 in an electronic format under
IC 5-14-6.
(c) The prioritization and selection process under this section must
give consideration to the following:
(1) The impact of the project on toll road usage.
(2) Consistency of the project with local transportation plans.
(3) The extent to which the project will have local financial
participation relative to local available resources.
(4) The amount of vehicular traffic served.
(5) The potential local economic impact.
(6) Whether the project is deemed to be an emergency by the
applicant and the authority.

Legislative History

As added by P.L.83-1996, SEC.2. Amended by P.L.53-2014, SEC.84.